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Information Value, Export and Hedging
Broll, Udo - 2012
The paper analyzes the interactions between the precision of information, trade and welfare within a decision framework of an exporting firm. Information in a financial market is described in terms of a publicly observable signal. With higher transparency, the signal conveys more precise...
Persistent link: https://www.econbiz.de/10013114808
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Export and Benefits of Hedging in Emerging Economies
Broll, Udo - 2010
We study the impact of exchange rate risk upon export production within an emerging economy lacking in currency forward … conditions under which export production is stimulated when the hedging device becomes more effective. In any case the exporting …
Persistent link: https://www.econbiz.de/10013147872
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Export Production Under Exchange Rate Uncertainty
Broll, Udo - 2009
interpreted as an option. An enterprise will opt to export if the profits obtained from exporting under given exchange rate …, an enterprise will choose not to export. By virtue of a favorable exchange rate situation it may be more advantageous to …Given that a multinational enterprise can react flexibly upon exchange rate movements, international trade flows may be …
Persistent link: https://www.econbiz.de/10012720608