International Financial Managementsunyu Essay Example | Topics and Well Written Essays - 2000 words

International Financial Managementsunyu - Essay Example These techniques are ideal for an exporter who wishes to have stable cash flows subject to foreign exchange risk. It is concluded that multinational businesses and investors that engage in import or export of products and services or those that make foreign investments across the global economy should be aware of the risk exposures and the most appropriate hedging strategy for each type of risk. It is also suggested that special attention be given to economic exposure because it substantially impact the firm’s market value and expected future cash flows and even affects the competitive position of a firm that does not sell or operate overseas. By examining a range of academic materials, recently published book, magazine articles, journal articles and internet sites on the topic this report identifies the nature of the exchange rate risk faced by an exporter then describe the market strategies available for hedging the risk. Foreign exchange exposure comes about if an investor or a firm has an open position (un-hedged condition subject to exchange rate risk) in a foreign currency. There are two types of open position, open long and open short position (Homaifar, 2004). Open long position is one where a firm expects to receive foreign currency in future while open short position is one where the investor needs to pay foreign currency in future (Siddaiah, 2009). Foreign exchange risk therefore refers to the possibility or likelihood that a foreign currency may move in a direction that is detrimental to the investor. Specific risk in open log position is that the foreign currency may weaken against the domestic currency thereby decreasing the local currency equivalent (Poitras, 2002). On the other hand, specific risk in open short position is that the foreign currency may strengthen against the domestic currency thereby increasing the domestic currency equivalent

Lives of girls and women by Alice Munro Research Paper

Lives of girls and women by Alice Munro - Research Paper Example Every story reveals more about Del’s experiences from being a young, innocent girl to becoming an adult, living with her family that comprises of her parents, younger brother, and Uncle Benny; the work focuses mainly on issues of girls and women, thus the prominence of female characters and its feminist bias (DeFalco 377). In this analysis, I propose that the repeated crises encountered by Del in Alice Munro’s Lives of girls and women, are partial illusions camouflaging a looming decay, and that everyday life is a grand illusion. Structure Dell narrates the stories from a first person’s point of view, and the whole cycle is structured in eight chapters, each detailing a self-contained tale that espouses additional facts concerning Del’s evolving identity. The cycle opens up with a fundamental retrospective focus on Del’s childhood when she is first awakened to the romance of everyday, surrounded by chaotic and eccentric misfits (Awano 91), the likes of Uncle Benny, whose concept of the world was a distorted reflection of reality. From these early experiences, Del learns to focus on the deeper meanings and details of life rather than merely on the shadows and reflections that individual lives often cast as she sharpens her wits and senses for a future career as a writer (McDonald). Through the subsequent chapters, the writer portrays various models of womanhood that come into constant interaction with Del as she grows up, from Naomi, Del’s best friend who lives up to the expected role of ingenue, wife on one end, and her mother Ada who sometimes speaks for ‘the world’ and on others for what â€Å"the world† fears and despises. Text Analysis In the first chapter, the Flat Roads, Munro establishes a symbolic geography in which she thoroughly contrasts the town of Jubilee, the epitome of society, sociability, and propriety, from the Flats Road, where drunkenness, sexual looseness, dirty language, haphaza rd lives, and content ignorance are the norm of everyday (McDonald). Del, still a child, grapples with the assimilation of Munro’s two countries but is yet to encounter the lurking struggle to belong to both worlds and the subsequent inner conflict due to a split personality. The distinctions between the town of Jubilee â€Å"the world† and the Flat Roads â€Å"the other country† are clear, but Uncle Benny, who represents the â€Å"other country,† espouses both a sense of potential for chaos in the world, and a hope for change through ecstatic faith, unlike the garrisons through the allusion of the ark (Monro 27). The title of the chapter suggests Del’s compromise by unconsciously sharing Uncle Benny’s vision yet not forfeiting the security offered through her mother’s ordered perception. Chapter two, titled Heirs of the Living Body, Del herself confronts the dilemma of Munro’s two countries, the Garrison’s world, repres ented by Del’s two aunts, and Uncle from her father’s side; unlike Uncle Benny, Uncle Craig perceives a reassuring pattern of everyday events. Unlike the disordered setting of the Flat Roads, the garrison world is highly structured that no sense of chaos and potential terror is recognized in Ada’s viewpoint, and Craig’s sisters Elspeth and Grace who are bound in the domestic sphere represent a subtle yet profound aspect of the garrison for they are excellent housekeepers and adept socializers (McDonald). Unlike her mother who embraces directness and