IDENTIFICATION OF EXPOSURE TO CURRENCY RISK POLISH GAS SECTOR
Abstract
In the article shown operating on the market Polish gas sector, which largely depends on gas imports. Then presents the process of market liberalization that has occurred since 2011, as well as efforts to diversify gas supplies. The aim of this article is to determine the exposure to currency risk polish gas sector. On the basis of data on the volume of gas imports to the country and the data foreign exchange rates, in which it is purchased, specified value at risk of this sector. In the analysis, special attention was paid to the volatility of currencies, which has a direct impact on the size of this type of risk. Exposure to currency risk Polish gas sector proved to be significant enough to recommend to the need to introduce modern instruments for currency risk management strategy in the Polish gas industry.
Details
- Issue
- Vol. 3 No. 22 (2017)
- Section
- Research article
- Published
- 2017-09-30
- DOI:
- https://doi.org/10.19253/reme.2017.03.013
- Licencja:
-
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