by Wong Chung Man. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1991. / Bibliography: leaves 72-73. / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iv / LIST OF TABLES --- p.vi / ACKNOWLEDGEMENT --- p.vii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Cash Flow Destablization due to Floating Exchange Rate --- p.2 / Role of Currency Risk Management in the Past --- p.2 / Changes Perceived in the Future --- p.3 / Scope of the Study --- p.4 / Objectives of the Study --- p.4 / Chapter II. --- METHODOLOGY --- p.6 / Overall Design --- p.6 / Data Used in the Study --- p.6 / Time Covered by the Study --- p.6 / Analytical Tools --- p.7 / Standard Deviation --- p.7 / Linear Correlation --- p.7 / Technical Analysis --- p.8 / Fundamental Analysis --- p.10 / Chapter III. --- DEFINITION OF CURRENCY RISKS --- p.15 / Non-Recurring --- p.15 / One-Off --- p.15 / Dealing Risk --- p.16 / Recurring --- p.17 / Financial Structural Risk --- p.17 / Business Structural risk --- p.18 / Chapter IV. --- WHY CURRENCY RISKS ARISE --- p.19 / Individual or Household --- p.19 / Investment/Speculation --- p.19 / Overseas Commitment --- p.19 / Corporation or Firm --- p.20 / Risks Indirectly Associated with Foreign Exchange --- p.20 / Risks Directly Associated with Foreign Exchange --- p.23 / Chapter V. --- CURRENCY RISK MANAGEMENT IN 80'S - A RETROSPECT --- p.24 / Change of Sophistication --- p.24 / 1980 - 1984 --- p.24 / 1985 - 1987 --- p.26 / 1988 - 1990 --- p.28 / Currency Characteristics and Correlations --- p.30 / Findings --- p.31 / Weakness of Economic Models --- p.35 / No Stable Relationship Between Current Account and Exchange Rate --- p.35 / Positive Relationship Between Interest Rate and Exchange Rate --- p.35 / Protracted Long Run Movements of Real Exchange Rate --- p.36 / Chapter VI. --- ROLE OF TECHNICAL ANALYSIS IN CURRENCY RISK MANAGEMENT --- p.37 / Concept of Near-Rationality --- p.37 / Exchange Rate Determination in Near-Rational World --- p.40 / Test of Technical Analysis --- p.42 / Chapter VII. --- CONCLUSION --- p.47 / Prospects in the Nineties --- p.48 / APPENDIX --- p.67 / BIBLIOGRAPHY --- p.72
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_318721 |
| Date | January 1991 |
| Contributors | Wong, Chung Man., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Publisher | Chinese University of Hong Kong |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, vii, 73 leaves : ill. ; 30 cm. |
| Coverage | China, Hong Kong |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
Page generated in 0.0027 seconds