Foreign Exchange And Risk Management By C Jeevanandam Pdf
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A Review of Foreign Exchange & Risk Management by C. Jeevanandam
Foreign exchange and risk management are essential topics for any business or individual that deals with international transactions. The book Foreign Exchange & Risk Management by C. Jeevanandam provides a comprehensive and practical guide to understanding and managing the various types of exchange rate risks faced by firms and individuals.
The book covers the conceptual framework, exchange control regulations, rules of FEDAI and the International Chamber of Commerce, and procedures of banks related to foreign exchange. It also discusses the different methods of measuring and hedging exchange rate risk exposure, such as the value at risk (VaR) approach, tactical versus strategical hedging, and passive versus active hedging. The book also presents some of the main instruments used for hedging in the OTC and exchange-traded markets, such as forward contracts, futures, options, swaps, and derivatives.
The book is designed to meet the requirements of post-graduate courses in commerce and economics and MBA for papers such as âForeign Exchangeâ, âForeign Exchange Risk Managementâ and âInternational Finance Managementâ. It also includes practical questions that appeared in professional courses of Chartered Accountants, Cost and Management Accountants and Chartered Secretaries and MBA courses with full solutions.
The book is based on the author's extensive experience in banking and teaching MBA students in finance subjects especially international finance. The author has also been an invited speaker in conferences and seminars on international finance and banking. The book is written in a clear and understandable manner with relevant examples and illustrations. The book is a valuable resource for anyone who wants to learn more about foreign exchange and risk management in a globalized world.
The book can be accessed online as a pdf file from Google Books [^1^] or purchased from Sultan Chand & Sons, the publisher.
The book is divided into six sections. The first section introduces the basic concepts and definitions of foreign exchange, such as spot and forward rates, cross rates, arbitrage, and exchange rate regimes. The second section deals with the exchange control regulations in India and the role of FEDAI and the International Chamber of Commerce in governing the foreign exchange transactions. The third section explains the various types of exchange rate risks faced by firms and individuals, such as transaction, translation, and economic risks. The fourth section describes the methods of measuring exchange rate risk exposure, such as the VaR approach, which estimates the maximum potential loss from adverse exchange rate movements over a given period and confidence level.
The fifth section discusses the strategies and instruments for managing exchange rate risk exposure, such as tactical versus strategical hedging, which involves choosing between short-term and long-term hedging objectives, and passive versus active hedging, which involves choosing between fixed and flexible hedging policies. The section also presents some of the main hedging instruments available in the OTC and exchange-traded markets, such as forward contracts, futures, options, swaps, and derivatives. The section also explains the advantages and disadvantages of each instrument and provides examples of how they can be used in different situations. The sixth section focuses on the foreign exchange risk management in an international or multinational firm, which involves coordinating the foreign exchange activities of different subsidiaries and branches across different countries and currencies.
The book is well-organized and comprehensive in covering the various aspects of foreign exchange and risk management. The book also provides relevant examples and illustrations to help the reader understand the concepts and applications. The book also includes practical questions that appeared in professional courses of Chartered Accountants, Cost and Management Accountants and Chartered Secretaries and MBA courses with full solutions. The book is a useful reference for students, teachers, practitioners, and researchers who are interested in learning more about foreign exchange and risk management. 061ffe29dd