Showing 1 - 8 of 8
Using data for the major currencies from 1973 to 1994, we apply recent tests of asset price volatility to re-examine whether exchange rates have been excessively volatile with respect to the predictions of the monetary model of the exchange rate and of standard extensions that allow for sticky...
Persistent link: https://www.econbiz.de/10014398025
Persistent link: https://www.econbiz.de/10001205753
Persistent link: https://www.econbiz.de/10001197595
Persistent link: https://www.econbiz.de/10000921357
Persistent link: https://www.econbiz.de/10000945661
We examine the relation between exchange rate variability and stock return volatility for U.S. multinational firms and decompose this relation into components of systematic and diversifiable risk. Focusing on two five-year periods around the 1973 switch from fixed to floating exchange rates, we...
Persistent link: https://www.econbiz.de/10013081564
This study assesses the impact of exchange rate variability on the riskiness of U.S. multinational firms by examining the relation between exchange rate variability and stock return volatility and by decomposing this relation into components of systematic and diversifiable risk. Focusing on two...
Persistent link: https://www.econbiz.de/10012473547