Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22155 
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dc.contributor.authorBroll, Udoen
dc.contributor.authorHansen, Sabineen
dc.date.accessioned2009-01-29T14:53:36Z-
dc.date.available2009-01-29T14:53:36Z-
dc.date.issued2004-
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
dc.language.isoengen
dc.publisher|aUniversity of Göttingen, Center for European, Governance and Economic Development Research (cege) |cGöttingenen
dc.relation.ispartofseries|acege Discussion Papers |x28en
dc.subject.jelF16en
dc.subject.jelF41en
dc.subject.jelF31en
dc.subject.jelF23en
dc.subject.ddc330en
dc.subject.keywordLabour demanden
dc.subject.keywordExchange rate risken
dc.subject.keywordRisk aversionen
dc.subject.keywordFlexibilityen
dc.subject.keywordReal optionen
dc.subject.keywordInternational tradeen
dc.subject.stwArbeitsnachfrageen
dc.subject.stwWechselkursrisikoen
dc.subject.stwTheorie der Unternehmungen
dc.subject.stwExporten
dc.subject.stwFlexibilitäten
dc.subject.stwRealoptionen
dc.subject.stwTheorieen
dc.titleLabour Demand and Exchange Rate Volatility-
dc.typeWorking Paperen
dc.identifier.ppn392923386en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cegedp:28en

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