1990•Journal of Property FinanceRequires access
The Management of Interest Rate Exposure
Chris J. Mitchell, Janine H. Peake
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Abstract
Discusses the adverse effect on some types of companies when exposed to fluctuations in interest rates. Discusses the different sorts of tools available to protect against fluctuations: forward rate agreements, interest rate swaps and interest rate options. Concludes that whatever option or combination of options is or is not taken, a purely passive approach carries the greatest risk.