Since 1971, exchange rate volatility has dominated the global financial environment, causing serious competitive dislocations in the international economy. For all those concerned with the implications of exchange rate overshooting, this book offers some of the most timely discussion available on pertinent issues. Exchange Rates and Corporate Performance contains the proceedings of a conference sponsored by the New York University Salomon Center at the Leonard N. Stern School of Business. This conference provided a forum for scholars and practitioners to present and discuss issues. These issues and more are given rigorous analysis by authorities from major universities and economic institutions, as well as practitioners from companies that have been exposed to exchange rate fluctuations. Also included is research on managing corporate financial and operating exposures, valuing the firm, and the effect of exchange rates on interest rates and corporate cost of capital. For the most insightful views on issues ranging from exchange rate planning for the international trading firm to corporate pricing strategies, this book is the corporate planner's essential resource.