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Technische Universität Dresden >
Fakultät Wirtschaftswissenschaften, Technische Universität Dresden >
Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden >
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http://hdl.handle.net/10419/36501
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| Title: | | Modelling information and hedging: the exporting firm  |
| Authors: | | Broll, Udo Eckwert, Bernhard |
| Issue Date: | | 2009 |
| Series/Report no.: | | Dresden discussion paper series in economics 02/09 |
| Abstract: | | The paper examines the economic role of modelling information on the decision problem of an exporting firm under exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal conveys more information about the random foreign exchange rate. We analyze the interaction between market transparency and the ex ante expected utility of the exporting firm. It is shown that more transparency on the foreign exchange market may result in higher or lower export production. |
| Subjects: | | Information transparency exchange rate risk hedging trade |
| JEL: | | D81 D83 F11 F31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden
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