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Title:International trade and the role of market transparency PDF Logo
Authors:Broll, Udo
Eckwert, Bernhard
Wong, Kit Pong
Issue Date:2010
Series/Report no.:Dresden discussion paper series in economics 08/10
Abstract:The paper examines the economic role of market transparency on the decision problems of an international firm. Transparency is described in terms of the informativeness of a publicly observable signal. With higher transparency, the signal conveys more precise information about the random foreign exchange rate. We analyze the interaction between market transparency, ex ante expected production, domestic sales, and exports of the firm. Furthermore, we discuss the welfare implications of more transparency in the foreign exchange market for the firm and domestic consumers.
Subjects:Blackwell theorem
information system
international trade
Document Type:Working Paper
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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