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This paper studies the implications of various contracting alternatives between exporting and importing firms on the value of production and international transactions. Since contracts are usually determined when exchange rate is uncertain, we show that under some conditions renegotiating these...
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Das vorliegende Lehrbuch in bilingualer Form möchte dem interessierten Leser mit allgemein verständlichen Darstellungen auf hohem Niveau einen profunden Überblick über alle zentralen Aspekte der Außenwirtschaft geben. Der zweisprachige Charakter des Buches bietet insbesondere Studenten der...
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rationalizes the empirical findings even in the absence of risk aversion. In the model, exchange rate uncertainty affects firms by …
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