Managing Currency Risk: How Japanese Firms Choose Invoicing Currency - Hardcover

Ito, Takatoshi; Koibuchi, Satoshi; Sato, Kiyotaka; Shimizu, Junko

Hardcover

ISBN 10: 1785360124 ISBN 13: 9781785360121

Publisher: Edward Elgar Publishing Ltd, 2018

Synopsis

The yen is now one of the major currencies freely traded in the world, and yet, many Japanese exporters take on a currency risk by invoicing in US dollars. In this book, the authors examine why this is the case, particularly for those exporters who have a strong presence in global markets.

Managing Currency Risk enhances our understanding of exporters’ behaviour by analysing the key factors that influence their choice of invoice currency. Detailed research based on unique data sets is used to highlight how firm size, product competitiveness, intra/inter-firm trade and the geography of export destination impact this decision.

This book is a valuable resource for international finance researchers and political economists wishing to discover up-to-date information regarding currency invoicing by multinational firms. It will also be a vital tool for financial and governmental practitioners to discover more about their competitors’ behaviour.

About this title

About the Author

The late Takatoshi Ito, formerly Professor, School of International and Public Affairs, Columbia University, US, Senior Professor, National Graduate Institute for Public Studies, Japan and RIETI, Satoshi Koibuchi, Professor, Faculty of Commerce, Chuo University, Japan and RIETI, Kiyotaka Sato, Professor, Department of Economics, Yokohama National University, Japan, Adjunct Professor, School of Business and Law, Edith Cowan University, Australia and RIETI and Junko Shimizu, Professor, Faculty of Economics, Gakushuin University, Japan and RIETI

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 2018
• Language: English
• ISBN 10: 1785360124
• ISBN 13: 9781785360121
• Binding: Hardcover
• Number of pages: 288