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Introduction and Scope of the Book

In: Exchange Rates and the Firm

Author

Listed:
  • Richard Friberg

    (Stockholm School of Economics)

Abstract

Exchange rates are often mentioned as a crucially important factordriving the profitability of corporations. They are not seldom at thevery top of the list when discussing past or future business performance.Examples of corporations having gone bankrupt due to largeexchange rate changes, of firms losing market shares on a grand scaleor running into bad profitability in general abound. This is true also inrelatively closed countries such as the United States. Recent eventssuch as the EMU, the strength of the pound and the currency crisis inmany East Asian countries have also put the spotlight on how firmscan deal with exchange rate changes.

Suggested Citation

  • Richard Friberg, 1999. "Introduction and Scope of the Book," Palgrave Macmillan Books, in: Exchange Rates and the Firm, chapter 1, pages 1-5, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98237-2_1
    DOI: 10.1057/9780333982372_1
    as

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