国际财务管理（原书第8版）课件PPTEun_CH08_Accessible.pptx

International Financial ManagementEighth Edition;Chapter Outline;Forward Market Hedge: Imports;Forward Market Hedge: Exports;Importer’s Forward Market Hedge;Exporter’s Futures Market Cross-Currency Hedge (1 of 2);Exporter’s Futures Market Cross-Currency Hedge (2 of 2);Futures Market Cross-Currency Hedge: # contracts (1 of 2);Futures Market Cross-Currency Hedge: # contracts (2 of 2);Exporter’s Futures Market Cross-Currency Hedge: Cash Flows at Maturity;Importer’s Money Market Hedge (1 of 3);Importer’s Money Market Hedge (2 of 3);Importer’s Money Market Hedge (3 of 3);Importer’s Money Market Hedge: Cash Flows Now at Maturity;Exporter’s Money Market Hedge (1 of 2);Exporter’s Money Market Hedge (2 of 2);Importer’s Money Market Cross-Currency Hedge (1 of 2);Importer’s Money Market Cross-Currency Hedge (2 of 2);Where Do the Numbers Come From?;Importer’s Money Market Cross-Currency Hedge: Cash Flows Now and at Maturity;Options;Using Options to Hedge: Exports (1 of 2);Using Options to Hedge: Exports (2 of 2);Options Market Cross-Currency Hedge (1 of 2);Options Market Cross-Currency Hedge (2 of 2);10 Puts on €10,000 (Strike ￡8,000) is Not a Hedge (1 of 2) ;10 Puts on €10,000 (Strike ￡8,000) is Not a Hedge (2 of 2) ;Long 50 Puts = Perfect Hedge (1 of 2);Long 50 Puts = Perfect Hedge (2 of 2);Options Hedges and Money Market Hedges and Forward Market Hedges;Money Market Cross-Currency Hedge;Forward Market Cross-Currency Hedge (1 of 2);Forward Market Cross-Currency Hedge (2 of 2);Call-Buying Importer (1 of 2);Call-Buying Importer (2 of 2);1 Call on €125,000 = Perfect Import Hedge (1 of 2);1 Call on €125,000 = Perfect Import Hedge (2 of 2);Cross-Hedging Minor Currency Exposure (1 of 2);Cross-Hedging Minor Currency Exposure (2 of 2);Hedging Recurrent Exposure with Swaps;Exposure Netting (1 of 4);Exposure Netting (2 of 4);Exposure Netting (3 of 4);Exposure Netting (4 of 4);Exposure Netting: How to Double Check Your Answer (1 of 4);Exposure Netting: How to Double Check Your Answer