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Risk Sharing Markets and International Trade – A Comment
Lehrbass, Frank - 2014
We consider an exporting firm facing FX risk. We show that FX options are not used for hedging, if there is no ex-post production flexibility. Hence, in the standard setting of having no ex-post optionality, hedging with forwards is the best choice.The value of FX options for hedging arises as...
Persistent link: https://www.econbiz.de/10013060727
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A New Insight into the World Economic Forum Global Risks
Evans, John R. - 2018
The World Economic Forum (WEF) recognises in their recent global risk reports the need to better understand the …
Persistent link: https://www.econbiz.de/10012918325
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International Trade and Finance : A Review
Bajo‐Rubio, Oscar - 2018
The emphasis of international trade theories shifted in the last forty years, from comparative advantage, to scale economies and product differentiation. More recently, the “new” new trade theories have stressed the role of firm heterogeneity, which has led to a renewed interest on the study...
Persistent link: https://www.econbiz.de/10012920397
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International Trade and the Risk in Bilateral Exchange Rates
Hassan, Ramin; Loualiche, Erik; Reggi Pecora, Alexandre; … - 2021
exchange rates. We estimate our model to current data and find i) that countries at the periphery of the world trade network …
Persistent link: https://www.econbiz.de/10013249476
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The causal effect of the Dollar on trade
Ma, Sai; Schmidt-Eisenlohr, Tim; Zhang, Shaojun - 2020
This paper establishes a causal link between the dollar exchange rate and international trade flows, employing a new instrument for the U.S. Dollar that is based on domestic U.S. housing activity (Ma and Zhang (2019)). In line with the dominant currency paradigm (Gopinath et al. (2020)), import...
Persistent link: https://www.econbiz.de/10012319440
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The evolution of offshore renminbi trading : 2016 to 2019
Cheung, Yin-Wong; Grimm, Louisa; Westermann, Frank - 2020
We study the evolution of offshore renminbi trading between 2016 and 2019. The diffusion behaviour of offshore renminbi trading during this period is different from the one between 2013 and 2016. The geographical diffusion process displayed in the 2016-2019 period, in addition to the previously...
Persistent link: https://www.econbiz.de/10012232928
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The evolution of offshore renminbi trading : 2016 to 2019
Cheung, Yin-Wong; Grimm, Louisa; Westermann, Frank - 2020
We study the evolution of offshore renminbi trading between 2016 and 2019. The diffusion behaviour of offshore renminbi trading during this period is different from the one between 2013 and 2016. The geographical diffusion process displayed in the 2016-2019 period, in addition to the previously...
Persistent link: https://www.econbiz.de/10012234514
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Trade Linkages between CEE Countries and the World Economy During an Era of Global Imbalances
Sobanski, Konrad - 2017
economy in the last decade and to measure the influence of the world economic crisis of 2009 on their external trade sector … regions of the world economy for the international trading transactions of CEE countries. The exercise revealed that CEE … ratio as a result of the world economic turbulences starting in 2009. Whereas the transition in the current account balance …
Persistent link: https://www.econbiz.de/10012949485
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Trading Costs
Frazzini, Andrea - 2018
equity markets over a 19-year period, we measure the real-world trading costs and price impact function of a large trader. We …
Persistent link: https://www.econbiz.de/10012913119
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Trade and the External Wealth of Nations
Lemelin, Andre - 2008
Most CGE trade models fix current account balances exogenously, in accordance with the widely accepted view that trade policy may influence trade flows, but that current accounts are constrained by symmetric capital account balances, on which trade policy has little effect. The MIRAGE-D model...
Persistent link: https://www.econbiz.de/10014216170