Results 21 to 30 of about 255,150 (314)
Exchange Rates, Macroeconomic Fundamentals and Risk Aversion [PDF]
Theoretical Economics Letters, 2011 This paper proposes a theoretical model for determining the exchange rate based on the interaction between international bond markets with different maturities. The model accommodates the presence of risk premia between short- and long-term bonds. The difference in risk premium between international bond markets produces imbalances between their ...
Laborda, R., Olmo, J.
openaire +4 more sources
A study on exchange rate risk through lagged predictors, market risk and financial sector indicators: Time series analysis from Kuwait [PDF]
Management Science Letters, 2019 This paper investigates the impact of lagged-exchange rate along with market risk and financial sector indicators on country risk in Kuwait. For this purpose, time series analyses both in aggregated and disaggregated approach are conducted along with the
Ahmed Nahar Al Hussaini
doaj +1 more source
KRW/USD Exchange Rate Volatility and Efficient Risk Management
East Asian Economic Review, 1999 This thesis analyzes the relationship between the exchange rate of Korean Won and US dollar and the amount of foreign exchange, and studies the direction of the amendment of the risk control of foreign exchange.
Sang-Yong Joo +2 more
doaj +1 more source
How Efficient is the Foreign Exchange Market? [PDF]
Athens Journal of Business & Economics, 2018 In this paper, we try to measure the degree of efficiency in the foreign exchange market by using four exchange rates ($/€, $/£, C$/$, and ¥/$). Different theoretical models are applied, like the random walk hypothesis, the unbiased forward rate ...
Ioannis N. Kallianiotis
doaj +1 more source
Asymmetric Effects of Won Exchange Rate Changes
East Asian Economic Review, 2002 This paper analyses an asymmetric effect of exchange rate change to the unit price of export and import indices and domestic price. Using regressions and impulse response analyses, I found that obvious asymmetric effects exist in most of the relevant ...
Seungho Lee
doaj +1 more source
Exchange Rate Risk Analysis Based on Firm Data: A Global Value Chain Perspective
Discrete Dynamics in Nature and Society, 2020 This paper investigates whether firms’ participation in the global value chain (GVC) weakens the exchange rate risk and its mechanism. Based on Powers and Riker’s (2013) expanding exchange rate risk model, this paper matches data from China’s refined ...
Mimi Ning, Jianhong Qi
doaj +1 more source
Cross‐Hedging Ambiguous Exchange Rate Risk [PDF]
Journal of Futures Markets, 2016 AbstractThis paper examines the behavior of an exporting firm that sells its output to two foreign countries, only one of which has futures and options available for its currency. The firm possesses smooth ambiguity preferences and faces multiple sources of ambiguous exchange rate risk. We show that the separation theorem fails to hold in that the firm'
openaire +3 more sources
Foreign currency invoicing of domestic transactions as a hedging strategy: evidence for Uruguay
Journal of Applied Economics, 2019 This study is an empirical analysis of the factors associated with the use of the US dollar for the invoicing of domestic transactions, which is a common practice of Uruguayan firms. Using a novel dataset we find that both the input and debt structure of
Gerardo Licandro, Miguel Mello
doaj +1 more source
Borsa Istanbul Review, 2019 This paper studies the dynamics of the impact of currency fluctuation on Indian stock market by assessing the pricing of exchange rate risk during the period 2005–2016, specifically before and after financial crises.
Smita Mahapatra, Saumitra N. Bhaduri
doaj +1 more source
Risk Estimation in Exchange Rate Markets Based on Stochastic Copula Approach
Discrete Dynamics in Nature and Society, 2022 Risk estimation is of great importance in financial risk management. In this study, the risk estimation of the exchange rate portfolio is performed via the stochastic copula approach. This model-based latent process has a parameter that changes over time
Erol Terzi +3 more
doaj +1 more source