exchange risk: Transaction Exposure, Translation exposure,
and Economy Exposure. Now, we are going to take a closer look at each exposure, their effect on
Dell Mercosur and what kind of countermeasure the company needs to have.
3-2. Transaction Exposure
Transaction exposure is a type of foreign exchange risk faced by companies that engage in
international trade.
internal and external equilibrium does not exist,
then either:
• The currency must appreciate or depreciate, or
• The central bank must intervene to stabilize the currency
• Downvaluation
-> Exchange rate increase
• IS curve will shift right.
• Buys excess foreign currency.
and Sells domestic currency.
• LM curve will shift right.
exchange rate management and financial policy coordination within the IMF have been designed to perpetuate the dominance of a few industrial countries, specifically the USA and the European Union member states. That is, the IMF lending decisions is a result of American policymakers and countries in which American banks are highly exposed and the governments closely allied with the United States s
international treaty to prohibit the further production of fissile material for nuclear weapons or other explosive devices.
ⅱ. The United Nations Convention on Certain Conventional Weapons, seeks to provide new rules for the protection of military personnel and, particularly, civilians from injury or attack by means of fragments that cannot readily be detected in the human body by X-rays, la
of electronic business (or e-business). E-business is defined as the “utilization of information and communication technologies in support of all the activities of business.” E-business enables firms to bond their internal and external activities more effectively and flexibly and to be closer to suppliers and customers. It expands its process across the entire value chain: “It includes
Korean economy is highly dependent on export and
it occupies more
60 percent on Korea’s GDP
▪ Finance product
▪ Contract between a bank and a company
▪ Derivative to avoid certain danger of
change under floating exchange rate system
The government has decided to link
the value to another currency or
to some valuable commodity like gold
Do not ch
물품 도착이 실패하거나 부분적으로만 납품된 경우, 파손 등의 위험을 모두 수용하는 것
- 이용 : ∙ 구매업체가 불안정적인 상황에 있는 경우
∙ 구매업체의 신용이 불량한 경우(bad credit)
∙ 환율통제(exchange rate control)
∙ 물품이 주문제작(make-to-order)되는 경우
Ⅲ. 환위험 관리방법
1. 내부적 관리기법(Internal Management Techniques)
가. 외화채권․채무의 상호매치(match)
□ 수출 등으로 수취할 외화채권과 수입 등에 따라 지급할 외화 채무의 금액과 결제시기를 일치시킴
ㅇ 통화가 서로 다른 경우에는 외국통화간 선물환거래를 이용
ㅇ 거주자 외
LVMH
Top Market Leader
The Highest Gross Margin & Royalty
Grew by acquiring others
Over 50 Brands in more than 100 countries
Advantage
Advertising
International Development
Financial and Legal Services
A Learning Organization
Informal Networks and Information Exchange
Corporate Entrepreneurs
Strategic Option
거대 기업형태 및 현 조직체계 유지
사업부 축
Thailand’s Currency Crisis (IMF)
In 1997. 8. 5. Thailand request financial support to IMF (total amount $ 172 million).
Also in 1997, there are Capital Outflow by the hedge fund and Exhaustion of foreign exchange reserves. By carrying out the IMF’s Program, Thailand restored their trust in international society.
However, after IMF’s financial support, the Economics rate growth is turn in