| Acknowledgements | 第6-7页 |
| 摘要 | 第7-8页 |
| Abstract | 第8页 |
| Introduction | 第11-12页 |
| Chapter One Overview of the Foreign Exchange Market | 第12-18页 |
| 1.1 The Main Factors Related to Foreign Exchange Market | 第12-15页 |
| 1.2 Two Channels in Foreign Exchange Market | 第15-17页 |
| 1.3 Channels Related to Foreign Exchange Market Intervention | 第17-18页 |
| Chapter Two Measurement of Exchange Rate Risk | 第18-27页 |
| 2.1 Introduction of Value-at-Risk | 第19-21页 |
| 2.2 Application of Value-at-Risk | 第21-26页 |
| 2.2.1 Historical Simulation | 第22-24页 |
| 2.2.2 Monte Carlo Simulation | 第24页 |
| 2.2.3 Parametric Methods --- Delta Normal VaR | 第24-26页 |
| 2.3 Shortage of VaR and Introduction of Stress Test | 第26-27页 |
| Chapter Three Value-at-Risk under Extreme Value Theory | 第27-34页 |
| 3.1 Theoretical Analysis | 第27-29页 |
| 3.2 Application to Exchange Rates | 第29-34页 |
| Chapter Four Management of Exchange Rate Risk | 第34-53页 |
| 4.1 Common Hedging Strategies Overview | 第34-35页 |
| 4.2 Financial Hedging | 第35-50页 |
| 4.2.1 Transaction Risk Hedging | 第36-48页 |
| 4.2.2 Translation Risk Hedging | 第48页 |
| 4.2.3 Economic Risk Hedging | 第48-49页 |
| 4.2.4 Long-term Exchange Rate Risk Hedging | 第49-50页 |
| 4.3 Operational Hedging | 第50-52页 |
| 4.3.1 Distribution of Subsidiaries or Suppliers | 第51页 |
| 4.3.2 Currency Diversification and Currency Matching | 第51-52页 |
| 4.4 Accounting Techniques | 第52-53页 |
| Chapter Five Conclusion | 第53-59页 |
| References | 第59-62页 |
