外汇风险中经济风险决定要素的研究

Research on the Determinants of Economic Exposure of Foreign Currency Exposure

外汇风险分为经济风险、交易风险和换算风险。当今 ,经济风险最为重要 ,就经济风险决定要素的两大方面 ,即市场结构和避险能力进行了具体探讨 。

Foreign currency exposure can be divided into three types: economic exposure, transaction exposure, Translation Exposure. The economic exposure is the most important for multinational firms. A firms economic is determined by ① the structure of the markets in which the firm sources its inputs, such as labor and materials, and sells its products, and ② the firms ability to mitigate the effect of exchange rate changes by adjusting its markets, product mix, and sourcing.