935 resultados para H11 - Structure, Scope, and Performance of Government


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Illustrations on V plates with iii pages of description inserted between p. 800 and 801.

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The verso of pl. v is p. [i] of the description of plates.

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This paper assesses the currency risk management policies for a sample of Australian international equity trusts. The relevance of currency risk management is considered in the context of exchange rate exposure and performance measures. The study incorporates differing economic climates and particular emphasis is given to the Asian crisis in mid-1997. Our results indicate that a good proportion of funds do implement specific currency risk management policies. Furthermore, we find that for those funds managing currency risk, there is some evidence of a favourable impact on currency exposure and fund performance.