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Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden >
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|Title:||Export and benefits of hedging in emerging economies |
Wahl, Jack E.
|Issue Date:||2009 |
|Series/Report no.:||Dresden discussion paper series in economics 10/09|
|Abstract:||We study the impact of exchange rate risk upon export production within an emerging economy lacking in currency forward markets. However there exists a financial asset whose price is correlated with the relevant foreign currency. We present conditions under which export production is stimulated when the hedging device becomes more effective. In any case the exporting firm benefits from imperfectly hedging exchange rate risk.|
exchange rate risk
|Document Type:||Working Paper|
|Appears in Collections:||Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden|
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