Revue d’Économie & de Gestion
Volume 8, Numéro 1, Pages 01-10
2024-12-19
Finacial Globalization And Prices Transmission: How Should Algeria's Exchange Rate Risk Be Assessed? "an Accounting And Financial Approach"
Authors : Tebache Djamal . Bouyoucef Fares .
Abstract
The purpose of this study is to highlight the impact of financial globalization on developing economies by focusing on the prices transmission via foreign exchange rate risk. To do so, we use an accounting and financial approach, focusing on the way foreign exchange risk is managed in Algeria, given the limited access to hedging techniques in the absence of an active financial market. This suggests a negative impact on corporate finance, particularly for companies whose activities are closely linked to those of foreign partners. Obtained results reveals a certain carelessness and insouciance on the part of Algerian companies with regard to the effect of exchange rate fluctuations, which inflict enormous exchange losses on them. These losses are often incorporated into the cost price of the product, with the result that the competitiveness of the Algerian product plummets, particularly in the context of increased financialization and financial globalization.
Keywords
Financial globalization ; Pass-through ; exchange rate risk ; Algerian companies ; competitiveness
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