Information value, export and hedging

Udo Broll; Bernhard Eckwert

The paper analyzes the interactions between the precision of information, trade and welfare within a decision framework of an exporting firm. Information in a financial market is described in terms of a publicly observable signal. With higher transparency, the signal conveys more precise information about the random foreign exchange rate. More precise information about exchange rate changes has ambiguous effects on trade and welfare which depend critically on technology of the firm and the degree of risk aversion. -- Exchange rate risk ; trade ; futures market ; market transparency ; value of information

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Year of publication:	2011
Authors:	Broll, Udo ; Eckwert, Bernhard
Publisher:	Dresden : Techn. Univ., Fac. of Business and Economics
Subject:	Multinationales Unternehmen \| Transnational corporation \| Außenhandelssektor \| Foreign trade sector \| Risikoaversion \| Risk aversion \| Informationsverhalten \| Information behaviour \| Entscheidung unter Unsicherheit \| Decision under uncertainty \| Währungsrisiko \| Exchange rate risk \| Währungsderivat \| Currency derivative \| Informationswert \| Information value \| Hedging \| Devisenmarkt \| Foreign exchange market \| Unvollkommene Information \| Incomplete information \| Theorie \| Theory

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Extent:	Online-Ressource (PDF-Datei: 13 S., 225 KB)
Series:	Dresden discussion paper series in economics. - Dresden : [Verlag nicht ermittelbar], ZDB-ID 2148053-9. - Vol. 03/11
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:10419/48166 [Handle]
Classification:	F11 - Neoclassical Models of Trade ; F23 - Multinational Firms; International Business ; G14 - Information and Market Efficiency; Event Studies ; G15 - International Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009228937