Fang, Wen-Shwo; Chang, Tsang-Yao; Lai, YiHao - In: Journal of Economics and Management 3 (2007) 1, pp. 67-96
exchange rate risk could offset the positive effect. This paper investigates the net effect for eight Asian countries using a … has a negative impact for five countries, resulting in a negative net effect in Japan, Singapore, Taiwan, Thailand and a … zero net effect in Indonesia. Korea has no significant exchange rate risk estimates and an insignificant net effect. While …