Companies in Asia may keep their old currency habits
Article Abstract:
Asian firms continue their old habits of not reducing risks related to currency devaluation. The move would likely result in disastrous consequences for these firms. Companies are in no hurry to employ hedging tools since currency risk is relatively new to these companies. Hedging tools protect investors from profit loss and a number of financial institutions are already hoping to earn from some companies seeking to protect themselves.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Asia's slump: misguided monetary policy is the culprit
Article Abstract:
Asia's exchange-rate policy of following the US dollar to boost exports is the main reason for the region's economic slowdown. Although slower economic growth in Europe and Japan has hindered Asian growth, monetary policy has led to the lack of structural reforms in areas such as education and skills improvement. Asian governments have also reduced their investment in new knowledge-based industries.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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