非金融公司外汇风险的经济学解释

Economic Explanation on the Exposure of Non-financial Enterprises to Foreign Exchange Rate Risk

文章借助微观经济学的分析工具,分析了非金融企业外汇风险产生的一般原理和过程。通过分析,我们发现,企业的外汇风险有短期和长期之分,而且,这种长、短期效应产生的原因、过程以及管理和控制的方法也有较大的不同。因此,企业应在全面考察其面临风险的基础上,运用相应的风险管理办法去应对不同的风险,才能有效地控制风险的形成与发生。

In this paper,author has analyzed general principle and course that foreign exchange rate risk produces in non-financial enterprises by the analysis tool of microeconomics.Through this analysis,we find that the foreign exchange rate risks of enterprises include short-term and long-term exposures,and that there are bigger differences in reasons of generation and managing methods about those exposures.So,enterprises should use the corresponding risk management method to tackle different risks on the basis of investigating in an all-round way in order to control the risks effectively.