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Corporate financial policies and performance around currency crises

Bris, Arturo; Koskinen, Yrjö; Pons, Vicente - 2001

Using data from 17 countries that have suffered a currency crisis, this paper studies firm-level leverage and performance measures before and after a crisis has occurred. We show that in the years preceding a currency crisis, companies that are expected to benefit from currency depreciations...

Persistent link: https://www.econbiz.de/10010281399

Pricing-to-Market in Swedish Exports

Alexius, Annika; Vredin, Anders - Economics Institute for Research (SIR), … - 1996

In this paper fluctuations in prices of Swedish exports to five countries are investigated in order to test whether there are systematic differences between prices to different markets and whether relative export prices are systematically affected by macroeconomic conditions in destination...

Persistent link: https://www.econbiz.de/10005423800

New Techniques to Extract Market expectations from Financial Instruments

Söderlind, Paul; Svensson, Lars E.O. - Economics Institute for Research (SIR), … - 1996

This paper is a selective survey of new or recent methods to extract information about market expectations from asset prices for monetary policy purposes. Traditionally, interest rates and forward exchange rates have been used to extract expected means of future interest rates, exchange rates...

Persistent link: https://www.econbiz.de/10005423847

Corporate Financial Policies and Performance Around Currency Crises

Bris, Arturo; Koskinen, Yrjö; Pons, Vicente - Economics Institute for Research (SIR), … - 2001

Persistent link: https://www.econbiz.de/10005649194

Market Expectations in the UK Before and After the ERM Crisis

Söderlind, Paul - Economics Institute for Research (SIR), … - 1997

The British pound left the ERM on 16 September 1992 after a period of turbulence. UK monetary policy soon shifted to lower short interest rates and an inflation target was announced. This paper uses daily option prices to estimate how the market's probability distribution of the future...

Persistent link: https://www.econbiz.de/10005649327

Swedish Export Price Determination: Pricing to Market Shares?

Adolfson, Malin - Economics Institute for Research (SIR), … - 1999

The Swedish export price determination for automobiles and kraft paper to three destination countries, over the period 1980-1994, is investigated. Formal tests on an error correction model indicate results consistent with price discrimination in Swedish exports of both goods. The exporters use...

Persistent link: https://www.econbiz.de/10005649427

Exchange Rates and Foreign Direct Investment: The Role of Mobility

Ellingsen, Tore - Economics Institute for Research (SIR), … - 1995

Empirical evidence shows that a weak currency attracts foreign direct investment. Current conventional wisdom says that all firms, regardless of their nationality, should be affected equally by changes in the exchange rate, and hence that there is no simple explanation for this regularity. I...

Persistent link: https://www.econbiz.de/10005649471

Exchange Rate Pass-Through to Swedish Import Prices

Adolfson, Malin - Economics Institute for Research (SIR), … - 1996

Swedish import price determination is investigated using disaggregated monthly data from 1980:1 to 1995:05 for eight different industries. The cointegration analysis indicates two cointegrating relations, in all industries, between import prices, the exchange rate, world market prices and...

Persistent link: https://www.econbiz.de/10005651519

Competition and Prices on the Emerging Nordic Electricity Market

Amundsen, Eirik S.; Bergman, Lars; Andersson, Bo - Economics Institute for Research (SIR), … - 1998

The purpose of this paper is to quantitatively evaluate the impact on electricity prices of deregulation and free trade … monopolistic pricing. The major tool for our analysis of electricity trade and prices is a numerical multicountry electricity … perfect competition equilibria with and without free trade in electricity can be simulated. According to the simulation …

Persistent link: https://www.econbiz.de/10005649248