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The Evidence

In: Exchange Rates and the Firm

Author

Listed:
  • Richard Friberg

    (Stockholm School of Economics)

Abstract

Think of an asset with value V where V depends on a number of variables some of which are exchange rates. The value is the sum of future discounted cash flows. Let E denote expectation and ∂ denote partial derivative, the economic exposure of this asset to currency ei is then given by (7.1) Exposure of V to e i = E ( ∂ V ∂ e i ) $$ {\text{Exposure of }}V{\text{ to }}{e_i} = E\left( {\frac{{\partial V}}{{\partial {e_i}}}} \right) $$

Suggested Citation

  • Richard Friberg, 1999. "The Evidence," Palgrave Macmillan Books, in: Exchange Rates and the Firm, chapter 7, pages 46-53, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98237-2_7
    DOI: 10.1057/9780333982372_7
    as

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