Exchange rates and export performance: evidence from micro-data
This article presents a summary of early results from an ongoing Reserve Bank research programme on the impact of exchange rates on firm-level export behaviour. Understanding responses to exchange rate movements at the level of individual firms is key to a deeper understanding of the channels through which economic and policy changes are transmitted through the economy. Results suggest that New Zealand firms have limited ability to respond to exchange rate changes through price-setting. Rather, explicit hedging is common and firms’ trade behaviour reflects a desire to avoid the risk associated with exchange rate volatility.
Year of publication: |
2009
|
---|---|
Authors: | Sanderson, Lynda |
Published in: |
Reserve Bank of New Zealand Bulletin. - Reserve Bank of New Zealand. - Vol. 72.2009, June, 2, p. 43-52
|
Publisher: |
Reserve Bank of New Zealand |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Whatever next? Export market choices of New Zealand firms
Fabling, Richard, (2010)
-
Foreign Acquisition and the Performance of New Zealand Firms
Fabling, Richard, (2011)
-
Export performance, invoice currency, and heterogeneous exchange rate pass-through
Fabling, Richard, (2013)
- More ...