interpreted as an option. An enterprise will opt to export if the profits obtained from exporting under given exchange rate …, an enterprise will choose not to export. By virtue of a favorable exchange rate situation it may be more advantageous to … may still lead to greater export trade volumes. …

firm's labour demand. As the exchange rate volatility increases, so does the value of the export option provided the firm …

interpreted as an option. An enterprise will opt to export if the profits obtained from exporting under given exchange rate …, an enterprise will choose not to export. By virtue of a favorable exchange rate situation it may be more advantageous to … may still lead to greater export trade volumes. -- Export ; Exchange Rate Volatility ; Risk Aversion ; Real Option …

interpreted as an option. An enterprise will opt to export if the profits obtained from exporting under given exchange rate …, an enterprise will choose not to export. By virtue of a favorable exchange rate situation it may be more advantageous to … may still lead to greater export trade volumes …

firm's labour demand. As the exchange rate volatility increases, so does the value of the export option provided the firm …

firm’s labour demand. As the exchange rate volatility increases, so does the value of the export option provided the firm …

This paper attempts to analyze the direct impact of exchange rate volatility on the export performance of ten Central … aggregate but also bilateral and sectoral export flows are studied.To this end, we first analyze shifts in exchange rate … in our export function.The results suggest that the size and the direction of the impact of forex volatility and of …