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Hedging with Synthetics, Foreign-Exchange Forwards, and the Export Decision: INTRODUCTION
Ist Teil von
The journal of futures markets, 1992-10, Vol.12 (5), p.511
Ort / Verlag
New York: Wiley Periodicals Inc
Erscheinungsjahr
1992
Link zum Volltext
Quelle
EBSCOhost Business Source Ultimate
Beschreibungen/Notizen
Exchange rates of the major industrial countries have exhibited great volatility in the last decade [see Krugman (1989) and Franke (1991)]. International firms, therefore, are increasingly using hedging instruments such as currency forwards and options to protect against their exchange rate risk. Exchange rate risk also affects international trade as reported by Thursby and Thursby (1985) and Cushman (1988). The aim of this article is to study the interaction between exchange rate risk and the export and hedging decision of an international firm.