从日元债务看我国企业如何防范外币债务的汇率风险  

作　　者：房红[1] 

机构地区：[1]黑龙江科技学院

出　　处：《黑龙江对外经贸》2005年第5期83-84,共2页Heilongjiang Foreign Economic Relations and Trade

摘　　要：80年代后期至90年代的日元大幅升值,给我国持有日元外债的企业带来巨额损失,同时向我们揭示了对外债进行汇率风险管理的重要性。利用远期外汇交易、货币互换交易、外汇期权等金融衍生工具可以对市场的不利变化进行管理,有效地控制外债中的汇率风险。另外,通过建立偿债基金、将出口创汇与外债偿还相结合、提前或延迟偿还债务,也可以达到防范外债汇率风险的目的。During late 1980's and 1990's, Japanese Yen appreciated by a wide margin which brought about immense loss to Chinese enterprises which had raised money from Japan. This incident reveals the importance of the management of the foreign exchange rate risks. To manage the unfavorable change of the exchange rate in the market and control the risks of the foreign debt effectively, we can use the derivative products such as forward exchange transaction,currency swap transaction and currency option. Besides, we can achieve the same goal through establishing the repaying fund, combining the export with the foreign debt repayment and repaying the debt in advance or deferring dong it.

关 键 词：汇率风险 外币债务 我国企业 日元 80年代后期 远期外汇交易 金融衍生工具 90年代 风险管理 互换交易 外汇期权 偿债基金 外债偿还 出口创汇 升值 持有 货币 市场 

分 类 号：F832.63[经济管理—金融学] F276.7