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exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal … conveys more information about the random foreign exchange rate. We analyze the interaction between market transparency and …The paper examines the economic role of modelling information on the decision problem of an exporting firm under …
Persistent link: https://www.econbiz.de/10010300624
result in higher or lower export production. -- Information ; transparency ; exchange rate risk ; hedging ; trade … exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal … conveys more information about the random foreign exchange rate. We analyze the interaction between market transparency and …
Persistent link: https://www.econbiz.de/10003841933
achieved from the existence of risk sharing markets are the separationtheorem and the and full-hedging theorem. This note … examines the optimalproduction for exports and hedging decisions of a risk-averse rm facing bothhedgeable exchange rate risk … and non-hedgeable (background) risk. While theseparation property holds in this context, the full-hedging property does …
Persistent link: https://www.econbiz.de/10012514017
achieved from the existence of risk sharing markets are the separationtheorem and the and full-hedging theorem. This note … examines the optimalproduction for exports and hedging decisions of a risk-averse rm facing bothhedgeable exchange rate risk … and non-hedgeable (background) risk. While theseparation property holds in this context, the full-hedging property does …
Persistent link: https://www.econbiz.de/10012518032
of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation …. Given a new risk situation, whether a revision of the hedging-strategy is appropriate will depend upon the elasticity of …-principal for information procurement processes. Applying the (μ,σ)-principal facilitates and enhances firm internal communication …
Persistent link: https://www.econbiz.de/10010305427
of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation …. Given a new risk situation, whether a revision of the hedging-strategy is appropriate will depend upon the elasticity of …-principal for information procurement processes. Applying the (μ,σ)-principal facilitates and enhances firm internal communication …
Persistent link: https://www.econbiz.de/10010506638
This paper studies a Cournot duopoly in international trade so that the firms are exposed to exchange rate risk. A … hedging opportunity is introduced by a forward market where the foreign currency can be traded on. We investigate two settings …: First we assume that hedging and output decisions are taken simultaneously. We show that hedging is just done for risk …
Persistent link: https://www.econbiz.de/10010300615
of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation …. Given a new risk situation, whether a revision of the hedging-strategy is appropriate will depend upon the elasticity of …-principal for information procurement processes. Applying the (μ,σ)-principal facilitates and enhances firm-internal communication …
Persistent link: https://www.econbiz.de/10008529246
of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation …. Given a new risk situation, whether a revision of the hedging-strategy is appropriate will depend upon the elasticity of …-principal for information procurement processes. Applying the (μ,σ)-principal facilitates and enhances firm internal communication …
Persistent link: https://www.econbiz.de/10009226258
This paper studies a Cournot duopoly in international trade so that the firms are exposed to exchange rate risk. A … hedging opportunity is introduced by a forward market where the foreign currency can be traded on. We investigate two settings …: First we assume that hedging and output decisions are taken simultaneously. We show that hedging is just done for risk …
Persistent link: https://www.econbiz.de/10009226134