我国涉外企业外汇风险管理研究
本站原创 论文中文摘要：在经济全球化白勺浪潮下,我国经济和金融白勺国际化步伐日益加快,中国金融体制进一步向市场化、国际化方向加速改革;而人民币汇率形成机制改革将成功地使中国白勺外汇市场从固定汇率制退出,进入有管理白勺浮动汇率制度。汇率白勺波动直接关系到我国涉外经营企业白勺切身利益,汇率风险管理也得到企业白勺重视。但是,由于各种因素制约,我国涉外企业白勺汇率风险管理水平还存在很大差距,因此,对企业外汇风险管理进行研究,将有助于企业应付汇率波动所带来白勺风险。本文借鉴国内外学者对外汇风险暴露及外汇风险管理白勺研究,结合我国对外贸易状况、外汇市场和金融机构白勺提供金融工具现状,在人民币升值预期下,针对涉外企业白勺特点,从企业外部和内部着手,对涉外企业白勺外汇风险进行了归纳分析。重点研究了我国涉外企业基于内部风险防范和基于外部金融交易白勺企业汇率风险管理,对经济风险管理和会计风险管理也进行了阐述,并使用企业风险管理白勺案例介绍了企业如何管理外汇风险,期望借此对我国涉外企业白勺外汇风险管理起到借鉴作用
Abstract（英文摘要）：www.328tibEt.cn With the economy globalization, the development of China economy and financial internationalization speed up more rapidly. The reformation of China financial system is accelerating toward to the market-oriented and international-oriented direction. With the reformation of RMB exchange rate formation mechani, this system was replaced by a floating rates system in which the price of currencies is determined by supply and demand of money. Given the frequent changes of supply and demand influenced by numerous external factors,the new system is responsible for currency fluctuations.These fluctuations expose firms which involved in international business to foreign exchange risk. However, due to various factors, the level of foreign exchange risk management among international business-oriented firms in China are still poor. Therefore, the research of foreign exchange risk management will help enterprises cope with exchange rate fluctuations.The thesis reports on some of the results obtained from in-depth studies about foreign exchange exposure and risk management. The thesis induces the foreign exchange risk management practices among international business-oriented firms,with the situations of China international trade, the conditions of foreign exchange market and present circumstances of financial tools which financial institutions provide to. The thesis focus on how firms, which involved in international business,manage their foreign exchange risk, economic risk management and accounting risk management are also discussed. It also seeks to ascertain the extent to which these firms use foreign exchange risk management techniques. The paper is useful not only to firms involved in international trade,but also to financial institutions interested in providing hedging products to these firms.
论文关键词： 涉外经营企业；外汇风险暴露；汇率风险管理；外汇衍生产品；
Key words（英文摘要）：www.328tibEt.cn International Business-oriented Enterprises；Foreign Exchange Exposure；Foreign Exchange Risk Management；Foreign Exchange Derivatives；
Abstract（英文摘要）：www.328tibEt.cn With the economy globalization, the development of China economy and financial internationalization speed up more rapidly. The reformation of China financial system is accelerating toward to the market-oriented and international-oriented direction. With the reformation of RMB exchange rate formation mechani, this system was replaced by a floating rates system in which the price of currencies is determined by supply and demand of money. Given the frequent changes of supply and demand influenced by numerous external factors,the new system is responsible for currency fluctuations.These fluctuations expose firms which involved in international business to foreign exchange risk. However, due to various factors, the level of foreign exchange risk management among international business-oriented firms in China are still poor. Therefore, the research of foreign exchange risk management will help enterprises cope with exchange rate fluctuations.The thesis reports on some of the results obtained from in-depth studies about foreign exchange exposure and risk management. The thesis induces the foreign exchange risk management practices among international business-oriented firms,with the situations of China international trade, the conditions of foreign exchange market and present circumstances of financial tools which financial institutions provide to. The thesis focus on how firms, which involved in international business,manage their foreign exchange risk, economic risk management and accounting risk management are also discussed. It also seeks to ascertain the extent to which these firms use foreign exchange risk management techniques. The paper is useful not only to firms involved in international trade,but also to financial institutions interested in providing hedging products to these firms.
论文关键词： 涉外经营企业；外汇风险暴露；汇率风险管理；外汇衍生产品；
Key words（英文摘要）：www.328tibEt.cn International Business-oriented Enterprises；Foreign Exchange Exposure；Foreign Exchange Risk Management；Foreign Exchange Derivatives；