دانلود مقاله ISI انگلیسی شماره 14290
عنوان فارسی مقاله

ارزش گذاری برای انعطاف پذیری انتخاب ارز در تجارت چند ملیتی با نرخ ارز تصادفی

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
14290 2005 17 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Valuing the flexibility of currency choice in multinational trade with stochastic exchange rates
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Multinational Financial Management, Volume 15, Issue 2, April 2005, Pages 137–153

کلمات کلیدی
- ساختار نرخ بهره مدت مورتون - گزینه ارز ضمنی - ارزش بازار انعطاف پذیری -
پیش نمایش مقاله
پیش نمایش مقاله ارزش گذاری برای انعطاف پذیری انتخاب ارز در تجارت چند ملیتی با نرخ ارز تصادفی

چکیده انگلیسی

Abstract Trade credits with an implicit “multi-currency” option embedded are analyzed. The option gives the holder the right to choose whichever currency, from a pre specified set of currencies, to use when he pays for merchandises bought on credit. The price is specified in several currencies at the time the merchandise is bought. The customer will use the most favorable currency, relative to his home currency, to pay for the merchandise at the time the payment is due. We calculate the market value of this flexibility.

مقدمه انگلیسی

Trade credits with an implicit “multi-currency” option embedded are analyzed. The option gives the holder the right to choose whichever currency, from a pre specified set of currencies, to use when he pays for merchandises bought on credit. The price is specified in several currencies at the time the merchandise is bought. The customer will use the most favorable currency, relative to his home currency, to pay for the merchandise at the time the payment is due. We calculate the market value of this flexibility.

نتیجه گیری انگلیسی

We have in this paper analyzed an implicit currency option that may be embedded in international trade. The option gives the customer the right to choose which currency, from a given set of currencies, to use when he is paying for merchandises bought on credit. Both the situation where the customer can only pay in other currencies than the home currency and the situation where he also can use the home currency for payment were analyzed. Numerical examples have been presented to illustrate the market value of the flexibility these options represent.

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.