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Title:Modelling information and hedging: the exporting firm PDF Logo
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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