A bond may be denominated in euros or dollars even when the companies being financed earn in local currencies. Dr Johannes Feist explains where the currency risk arises, who bears it, how it can be mitigated and what it costs.
A bond may be denominated in euros or dollars even when the companies being financed earn in local currencies. Dr Johannes Feist explains where the currency risk arises, who bears it, how it can be mitigated and what it costs.