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Decoding Currency Risk: Pictures of Global Risk - Part IV

Thu, 30 Jul 2015 10:56:53 GMT

In my last three posts, I have looked at country risk, starting with measures of that risk and then moving on to valuing and pricing that risk. You may find it strange that I have not mentioned currency risk in any of these posts on country risk, but in this one, I hope to finish this series by looking first at how currency choices affect value and then at the dynamics of currency risk.   Currency Consistency A fundamental tenet in valuation is that you have to match the currency in which...

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