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Economic Exposure

In: Exchange Rates and the Firm

Author

Listed:
  • Richard Friberg

    (Stockholm School of Economics)

Abstract

Economic exposure is defined as the sensitivity in the value of the firm to exchange rate surprises. For this purpose the firm’s value is measured as the present discounted value of expected future cash flows. Since economic exposure is concerned with cash flows and the value of the firm, the reasons for hedging that we mentioned in Chapter 4 are potentially important.

Suggested Citation

  • Richard Friberg, 1999. "Economic Exposure," Palgrave Macmillan Books, in: Exchange Rates and the Firm, chapter 6, pages 39-45, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98237-2_6
    DOI: 10.1057/9780333982372_6
    as

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