Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/83923
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.date.accessioned | 2021-11-16T09:55:19Z | - |
dc.date.available | 2021-11-16T09:55:19Z | - |
dc.date.issued | 2008 | - |
dc.identifier.citation | Psaila, A. (2008). The implications of the Euro for risk management in the manufacturing sector (Bachelor’s dissertation). | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar/handle/123456789/83923 | - |
dc.description | B.COM.(HONS)ECONOMICS | en_GB |
dc.description.abstract | Hedging derivatives, including swaps, forwards and futures can be very effective to hedge against currency risk for import and export business. Before the adoption of the euro, many Maltese firms had to deal with foreign exchange risk when dealing with imports and exports. With the adoption of the euro last January, firms which trade with euro zone countries, should have now, theoretically, eliminated exchange rate risk. So, fewer fluctuations in trading costs and revenues will be experienced. This dissertation seeks to analyse whether Maltese manufacturing firms have been using hedging derivatives prior to euro adoption, and if the use of such tools has increased or decreased from January 2008 onwards. The result of the study showed that the use of hedging instruments is still an ambiguous subject among most firms in Malta. This could mean that prior to euro adoption, when hedging derivatives were needed the most, their use was ignored; thus, such firms could have lost a substantial amount of revenue and this could in turn have meant a loss of competitiveness. Another find was that the majority of the firms within this sector export and import mainly to EU countries and so the importance of derivatives to eliminate currency risk is minimised. | en_GB |
dc.language.iso | en | en_GB |
dc.rights | info:eu-repo/semantics/restrictedAccess | en_GB |
dc.subject | Manufacturing industries -- Malta | en_GB |
dc.subject | Risk management -- Malta | en_GB |
dc.subject | European currency unit | en_GB |
dc.subject | Euro | en_GB |
dc.subject | Money -- European Union countries | en_GB |
dc.title | The implications of the Euro for risk management in the manufacturing sector | en_GB |
dc.type | bachelorThesis | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.publisher.institution | University of Malta | en_GB |
dc.publisher.department | Faculty of Economics, Management and Accountancy. Department of Economics | en_GB |
dc.description.reviewed | N/A | en_GB |
dc.contributor.creator | Psaila, Andre` (2008) | - |
Appears in Collections: | Dissertations - FacEma - 1959-2008 Dissertations - FacEMAEco - 1971-2010 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
B.COM.(HONS)ECONOMICS_Psaila_Andre__2008.PDF Restricted Access | 5.1 MB | Adobe PDF | View/Open Request a copy |
Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.