資源描述：
《On the enterprise risk management, external debt_14881》由會員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫。
1、Ontheenterpriseriskmanagement,externaldebt????PaperKeywords:Enterpriseriskmanagement,financialriskdebt????Abstract:Atpresent,Chineseenterpriseshavebeguntofacetherisksofexternaldebtproblems,thetraditionalforeignexchangeriskmanagement,riskmanagementrequirementsnotsuitedtotheexternaldebt,externaldebtr
2、iskmanagementofChineseenterprisestechnologyandthereisstillalargegapbetweentheinternational,therefore,mustpayattentiontotheintroductionofforeignadvancedmanagementexperience,throughtheforwardrateagreements,interestrateswaps,currencyswapsandforeignexchangeoptionsandotherfinancialmarketinstruments,impr
3、ovetheenterprisesintheexternaldebtriskmanagementcapabilities.????InAugust1982,Mexico'sinabilitytorepayforeigndebtprincipalandinterestdue,whichtriggeredadebtcrisissweptthroughLatinAmerica;in1997,Asiancountries,becauseofforeigndebtstructureisirrational,intheshort-termforeigndebts,triggeredtheAsianeco
4、nomiccrisis;19981yearsoftheRussiandebtcrisisof2001begansweepingfromArgentina,includingBrazil,Uruguay'sfinancialcrisisandexternaldebtarealsorelevant.????Infact,Chinesecompanieshavebeguntofacetheriskofmoreseriousdebtproblems,butatthesametimeaddressitscorporatedebtriskopportunitytohavebeguntoemerge.Ju
5、ly21,2005,Chinastartedtoimplementamarket-basedsupplyanddemandwithreferencetoabasketofcurrenciestoadjusttheyuanwillnolongerstaringatasingleU.S.dollar,theformationofamoreflexibleyuanexchangeratemechanism.Thisisevidentfromabroadsense,todobusinesswithforeigncompaniesfaceexchangerateriskswillbelarger.Th
6、egoodnewsisthat,foralargeexternaldebtmanagementbusinessenvironmenthasstartedtochange.July8,2002,theStateDevelopmentPlanningCommission,thePeople'sBankofForeignExchangejointlypromulgatedthe"state-ownedandstate-holdingenterprisesandrestructuringofexternaldebtriskmanagementguidance.""Guidingopinions"es
7、tablishedbusinessleadersindecision-makingshouldbeexternaldebtriskmanagementaspartofenterprisemanagement,on-lendingtothecorporatedebtoffinancialinstitutionsalsohavetheresponsibilitytocorporatedebtriskmanagem
