Currency risk is the inevitable by product of global diversification of portfolios. For investors who are relatively new to the international arena, currency risk is a monster to be feared and isolated. The presentations in this proceedings show that it can be understood and tamed. Indeed, it can even be profitable.



Contents :

* Foreword by Katrina F. Sherred

* Biographies of speakers

* Managing currency risk : an overview

* Changing currency risks by Ram Willner

* To hedge or not to hedge by Mark Lundin

* Strategies for hedging by Mark P. Kritzman

* Active currency management to enhance returns by Paul Day

* The role of currency overlay managers by Ronald Layard-Liesching

* Integrating global asset allocation and currency management by Bruno Solnik

* Performance attribution analysis by John C. Stannard

* Post-EMU bond markets by Stefan Laternser

* Appendix : Foreign exchange symbols used

* Reference list

* Self-evaluation examination

* Selected publications