EXCHANGE-RATE VOLATILITY AND INTERNATIONAL TRADING STRATEGY

被引：145

作者：

FRANKE, G

机构：

[1] Universität Konstanz

来源：

JOURNAL OF INTERNATIONAL MONEY AND FINANCE | 1991年 / 10卷 / 02期

关键词：

D O I：

10.1016/0261-5606(91)90041-H

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

It is usually argued that an increase in exchange rate volatility reduces the volume of international trade as trading firms are risk averse. This paper shows that exporting firms benefit under fairly general conditions from an increase in exchange rate volatility. Firms optimally adjust their export volumes to the level of the exchange rate. Exporting is an option which is exercised if profitable. In addition, the paper presents conditions under which the volume of international trade grows with exchange rate volatility. © 1991.

引用

页码：292 / 307

页数：16

共 50 条

[11] Exchange-rate volatility and trade: a semiparametric approach
Mukherjee, Debasri
Pozo, Susan
APPLIED ECONOMICS, 2011, 43 (13) : 1617 - 1627
[12] EXCHANGE-RATE RISK, EXCHANGE-RATE REGIME AND THE VOLUME OF INTERNATIONAL-TRADE
BRADA, JC
MENDEZ, JA
KYKLOS, 1988, 41 (02) : 263 - 280
[13] Exchange-rate volatility and international trade performance: Evidence from 12 African countries
Bahmani-Oskooee, Mohsen
Gelan, Abera
ECONOMIC ANALYSIS AND POLICY, 2018, 58 : 14 - 21
[14] Exchange-rate volatility, trade and "fixing for life" in Thailand
Rahmatsyah, T
Rajaguru, G
Siregar, RY
JAPAN AND THE WORLD ECONOMY, 2002, 14 (04) : 445 - 470
[15] THE PREDICTIVE ABILITY OF SEVERAL MODELS OF EXCHANGE-RATE VOLATILITY
WEST, KD
CHO, D
JOURNAL OF ECONOMETRICS, 1995, 69 (02) : 367 - 391
[16] Some further evidence on exchange-rate volatility and exports
Hondroyiannis, George
Swamy, P. A. V. B.
Tavlas, George
Ulan, Michael
REVIEW OF WORLD ECONOMICS, 2008, 144 (01) : 151 - 180
[17] INTEREST AND EXCHANGE-RATE VOLATILITY - IMPLICATIONS FOR BANK MANAGEMENT
BRUNI, F
GIORNALE DEGLI ECONOMISTI E ANNALI DI ECONOMIA, 1983, 42 (7-8) : 431 - 458
[18] EXCHANGE-RATE VOLATILITY IN AN EQUILIBRIUM ASSET PRICING MODEL
MANUELLI, RE
PECK, J
INTERNATIONAL ECONOMIC REVIEW, 1990, 31 (03) : 559 - 574
[19] MAY EXCHANGE-RATE VOLATILITY CAUSE DUMPING INJURY
HOFFER, SM
JOURNAL OF WORLD TRADE, 1992, 26 (03) : 61 - 72
[20] Some Further Evidence on Exchange-Rate Volatility and Exports
George Hondroyiannis
P.A.V.B. Swamy
George Tavlas
Michael Ulan
Review of World Economics, 2008, 144 : 151 - 180

← 1 2 3 4 5 →