Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22155
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dc.contributor.authorBroll, Udoen_US
dc.contributor.authorHansen, Sabineen_US
dc.date.accessioned2009-01-29T14:53:36Z-
dc.date.available2009-01-29T14:53:36Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/22155-
dc.description.abstractThe purpose of this paper is to assess under what conditions exchange rate volatility exerts a positive effect on a firm's labour demand. As the exchange rate volatility increases, so does the value of the export option provided the firm under study is flexible. Flexibility is important because it gives the firm option value. Higher volatility increases the potential gains from trade and may increase the demand for labour. This may explain part of the mixed empirical findings regarding the effects of exchange rate risk on labour demand and international trade.en_US
dc.language.isoengen_US
dc.relation.ispartofseries|aCeGE discussion paper |x28en_US
dc.subject.jelF16en_US
dc.subject.jelF41en_US
dc.subject.jelF31en_US
dc.subject.jelF23en_US
dc.subject.ddc330en_US
dc.subject.keywordLabour demanden_US
dc.subject.keywordExchange rate risken_US
dc.subject.keywordRisk aversionen_US
dc.subject.keywordFlexibilityen_US
dc.subject.keywordReal optionen_US
dc.subject.keywordInternational tradeen_US
dc.subject.stwArbeitsnachfrageen_US
dc.subject.stwWechselkursrisikoen_US
dc.subject.stwTheorie der Unternehmungen_US
dc.subject.stwExporten_US
dc.subject.stwFlexibilitäten_US
dc.subject.stwRealoptionen_US
dc.subject.stwTheorieen_US
dc.titleLabour Demand and Exchange Rate Volatilityen_US
dc.typeWorking Paperen_US
dc.identifier.ppn392923386en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cegedp:28-

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