We consider an Overlapping-generations economy where the aggregative production process uses physical capital and human capital The human capital level of each individual is determined by the direct investment in education and some random ability The parents' investment in the education of their...

This paper presents a model of a competitive exporting firm confronting multiple currency risks. Future markets do not exist for the firm's own currency, but do exist between currencies of two countries to which the firm exports its entire output. We provide analytical insight into optimal...