sample of firms from 19 sub-Saharan African countries. The paper provides the first evidence of whether exporters, importers … types of trading firms in sub-Saharan Africa. Our results indicate that exporters, importers and two-way traders perform … better than non-exporters, non-importers and non two-way traders. We further find that two-way traders perform better than …

transaction data from Madagascar using container identifiers. Reporting discrepancies between exporters and importers are … prevalent but small, with over two-fifths of importers reporting in a way that increases their tariff liability. Yet, aggregate …

This paper studies the dynamics of importer–exporter connections when importers source inputs from multiple exporters …. I first develop a trade model in which heterogeneous importers invest in expanding the set of potential exporters they … in importer’s connections, (ii) the more likely are connections to be discontinued, and (iii) the lower the trade value …

Russia's invasion of Ukraine has threatened global grain supplies as it reduces production and exports while increasing …‐term impacts of the conflict on grain imports and prices in Africa. We use a long‐run general equilibrium trade model to study … sanctions against trading with Russia; and (3) an outright ban on Russian grain export. The model simulations show that the …

hedging the Value at Risk is zero and the bank chooses to over-hedge. …

Using a two-moment decision model this paper analyzes corporate hedging behavior in the presence of unified and …, therefore, the incentive for hedging reduces. We demonstrate that pure hedging is differently affected by taxation than … speculative hedging is. Analysing tax-sensitivity of the corporate hedge shows that a higher risk in the first place may reduce …

uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable …

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 … managing reasons as it is not possible to use hedging strategically. In this setting the well-known separation result of the …

exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal …