Omar, Abdullah and Taufil Mohd, Kamarun Nisham and Ahmad, Norzalina (2017) Exposure to foreign exchange rate risk: a review of empirical evidences. Journal of Insurance and Financial Management, 2 (5). pp. 79-91. ISSN 2371-2112

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Abstract

Exposure to foreign exchange rate risk has become an increasingly important issue to investors and financial managers identical with the globalization of markets, and particularly in the wake of the events that occurred in the Asian financial markets. The impact of foreign exchange rate exposure on the value of the firm has been the subject of empirical literature for several decades. In recent times some empirical literature has also emerged. This study reviews the studies that investigate the exposure to currency risk of different economies. Both developing and developed economies has been subject to this study. It is concluded that most of the emerging and developing economies are exposed to higher level of foreign currency exposure. This is due to high level of openness and large amount of import and exports. In contrast, almost all closed and developed economies exhibits low level of exposure due to low amount of import and exports.

Item Type:	Article
Uncontrolled Keywords:	Exposure, Foreign Exchange, Currency Risk
Subjects:	H Social Sciences > HJ Public Finance
Divisions:	School of Economics, Finance & Banking
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	25 Jul 2019 02:56
Last Modified:	25 Jul 2019 02:56
URI:	https://repo.uum.edu.my/id/eprint/26252

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