Baur, Dirk G; Miyakawa, Isaac - Finance Discipline Group, Business School - 2012
and conditional, time-varying and asymmetric, exchange rate exposure. We find a strong cross-sectional dispersion of … excess exposure coefficients around a weakly positive average exposure. Also, the strength of the FX exposure increases from … daily to quarterly sample frequencies and across time. We argue that the weak positive exposure of firms on average is …