Export and benefits of hedging in emerging economies

Udo Broll; Jack E. Wahl; Christoph Wessel

We study the impact of exchange rate risk upon export production within an emerging economy lacking in currency forward markets. However there exists a financial asset whose price is correlated with the relevant foreign currency. We present conditions under which export production is stimulated when the hedging device becomes more effective. In any case the exporting firm benefits from imperfectly hedging exchange rate risk. -- Emerging markets ; transition economy ; export ; exchange rate risk ; price risk ; hedging

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Year of publication:	2009
Authors:	Broll, Udo ; Wahl, Jack E. ; Wessel, Christoph
Publisher:	Dresden : Univ. of Technology, Fac. of Business Management and Economics
Subject:	Export \| Währungsrisiko \| Exchange rate risk \| Hedging \| Schwellenländer \| Emerging economies \| Theorie \| Theory

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Extent:	Online-Ressource (16 S.)
Series:	Dresden discussion paper series in economics. - Dresden : [Verlag nicht ermittelbar], ZDB-ID 2148053-9. - Vol. 09,10
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Parallel als Druckausg. erschienen Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/36499 [Handle]
Classification:	D80 - Information and Uncertainty. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; F14 - Country and Industry Studies of Trade ; F31 - Foreign Exchange
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003867523