A model describing the asymmetric giant magnetoimpedance (GMI) in field-annealed amorphous ribbons is proposed. It is assumed that the ribbon consists of an inner amorphous core and surface hard magnetic crystalline layers. The model is based on a simultaneous solution of linearized Maxwell equations and Landau-Lifshitz equation. The coupling between the surface layers and the amorphous core is described in terms of an effective bias field. Analytical expressions for the frequency and field dependences of the ribbon impedance are found. The calculated dependences are in a qualitative agreement with results of experimental studies of the high-frequency asymmetric GMI in field-annealed amorphous ribbons. (C) 2004 Elsevier B.V. All rights reserved.