Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36499
Authors: 
Broll, Udo
Wahl, Jack E.
Wessel, Christoph
Year of Publication: 
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.
Subjects: 
Emerging markets
transition economy
export
exchange rate risk
price risk
hedging
JEL: 
D80
D81
F14
F31
Document Type: 
Working Paper

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