The DAX and the Dollar : The Economic Exchange Rate Exposure of German Corporations

This paper examines the economic exposure of German corporations to changes in the DM/US-dollar exchange-rate. Our work contributes to the existing body of literature in the following ways. Firstly, we point out conceptual problems of previous attempts to estimate economic exposure. Secondly, we find that German firms are significantly exposed to changes in the DM/US-dollar rate. However, our results are unstable over time.

MoreLess

Year of publication:	2002
Authors:	Glaum, Martin ; Brunner, Marko ; Himmel, Holger
Publisher:	Universität <Gießen> / Lehrstuhl für Internationales Management und Kommunikation
Subject:	Hedging \| Deutscher Aktienindex \| Wechselkurs \| US-Dollar

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	77824 bytes 12 p. application/pdf
Series:	Universität Giessen - Lehrstuhl Internationales Management, Rechnungslegung und Wirtschaftsprüfung - Publikationen
Type of publication:	Book / Working Paper
Language:	English
Classification:	Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Working Papers, Preprints ; Germany. General Resources
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005841406