Management of Foreign Exchange Risk: Evidence from Developing Economies

This book discusses the issues of risk management and theory and hypothesis development in foreign exchange and financial markets, with a focus on the volatility of exchange rates. It applies an integrated study of exchange rate volatility in Malaysia, a case study of a developing country, and develops advanced econometric models for risk management strategies. It is a valuable resource for fund managers, financial market analysts, researchers, academics, practitioners, policy makers, and postgraduate students in finance, accounting, business, and financial economics.

Format: Paperback / softback
Length: 290 pages
Publication date: 29 April 2022
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate world of contemporary and emerging issues in foreign exchange and financial markets, offering a technical and specialized exploration. By addressing the critical concerns of risk management and theory and hypothesis development, it extends its reach to encompass the broader realm of finance theory and foreign exchange market management. With an in-depth and comprehensive analysis, the book sheds light on the complex dynamics of exchange rate volatility, a topic of paramount importance in today's global financial landscape.

The book's three main objectives are as follows:

Firstly, it employs an integrated approach to studying exchange rate volatility, encompassing both depth and breadth. This comprehensive analysis aims to unravel the intricacies of this dynamic phenomenon and provide valuable insights into its underlying mechanisms.

Secondly, the book takes a case study approach, focusing on Malaysia as a developing country. Malaysia has a history of implementing capital control measures and has recently liberalized its exchange rate market. As the country continues to embrace further liberalization in the long run, the understanding and management of exchange rate volatility become increasingly crucial. By examining the unique challenges and opportunities faced by Malaysia, the book offers valuable insights into the dynamics of exchange rate volatility in developing countries.

Thirdly, the book highlights new conditional volatility models tailored for developing countries like Malaysia. By developing advanced econometric models, the authors aim to provide robust risk management strategies and frameworks for achieving stability and resilience in the financial market and the broader economy. Additionally, the book proposes risk management themes that can have relevance to other developing countries, contributing to the global discourse on risk management practices.

This work serves as a valuable reference book for a wide range of professionals, including fund managers, financial market analysts, researchers, academics, practitioners, policy makers, and postgraduate students. Its comprehensive coverage and insightful analysis make it an essential resource for those seeking to deepen their understanding of finance, accounting, business, and financial economics. Furthermore, it can also serve as a supplementary text for Ph.D. and Masters students in these fields, enhancing their academic knowledge and expertise.

In conclusion, this book is a groundbreaking contribution to the field of finance and financial economics. By tackling the critical issues of risk management and exchange rate volatility, it provides a comprehensive and insightful exploration of contemporary and emerging markets. Its application of an integrated study approach, case study approach, and advanced econometric models makes it an invaluable resource for professionals, students, and scholars alike. As the world continues to evolve, the insights and recommendations offered in this book will undoubtedly play a pivotal role in shaping the future of finance and financial markets.

Weight: 540g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367542597