The degree of international trade and exchange rate exposure—Firm‐level evidence from two small open economies

2020 ◽  
Author(s):  
Van Cauwenberge Annelies ◽  
Vancauteren Mark ◽  
Braekers Roel ◽  
Vandemaele Sigrid
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Open Economies ◽  
Small Open Economies ◽  
Firm Level ◽  
Exchange Rate Exposure ◽  
Trade And Exchange

Measuring and explaining firm-level exchange rate exposure: The role of foreign market destinations and international trade

2021 ◽  
pp. 105667
Author(s):  
Annelies Van Cauwenberge ◽  
Mark Vancauteren ◽  
Roel Braekers ◽  
Sigrid Vandemaele
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Foreign Market ◽  
Firm Level ◽  
Exchange Rate Exposure

Factors Determining the Exchange Rate Exposure of Firms: Evidence from India

2021 ◽  
pp. 227853372110337
Author(s):  
Zakiya Begum Sayed ◽  
J. Gayathri
Keyword(s):  
Exchange Rate ◽  
Multinomial Logistic Regression ◽  
Exchange Rate Volatility ◽  
Strategic Decision ◽  
Firm Level ◽  
Factors Affecting ◽  
Business Operations ◽  
Industrial Sectors ◽  
Exchange Rate Exposure ◽  
The Exchange Rate

Exchange rate exposure is a strategic decision in finance and risk management at both the micro and macro level of business operations. Literature on the measurement, and management of this risk, has had no consensus on the factors affecting it as these factors seem to be dynamic. In an effort to consider a comprehensive study at the firm level, this article examines the exchange rate exposure of 271 constituent firms from the BSE S&P 500 index. The study period was 2001 to 2020 divided into sub-periods around the financial crises of 2008. The study uses two contemporary approaches (the capital market approach and the cash flow approach) and five relevant exchange rates (USD, EURO, GBP, JPY, and REER) to measure the foreign exchange. The sample firms were divided into 10 industrial sectors to identify the factors that lead to exposure of firms to exchange rate volatility. We use multinomial logistic regression to regress the select factors with the measured value of exchange rate exposure. The findings of the article suggest that multinationality, fixed asset utilization ratio, hedging activities, industrial sectors, size, and age of the firms are the significant determinants of such exposure. The results varied during the sub-periods and across industries.

On Crises, International Trade and Exchange Rate Regimes

2014 ◽  
Author(s):  
Francisco Ledesma Rodrrguez ◽  
Jorge PPrez Rodrrguez ◽  
Maria SantanaaGallego
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Exchange Rate Regimes ◽  
Trade And Exchange

Effects of monetary policy shocks on exchange rate in small open Economies

2018 ◽  
Vol 56 ◽  
pp. 324-339 ◽  
Author(s):  
Soyoung Kim ◽  
Kuntae Lim
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Open Economies ◽  
Small Open Economies ◽  
Monetary Policy Shocks ◽  
Policy Shocks

scholarly journals International trade and exchange rate volatility

1992 ◽  
Vol 36 (6) ◽  
pp. 1311-1321 ◽  
Author(s):  
Jean-Marie Viaene ◽  
Casper G. de Vries
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Exchange Rate Volatility ◽  
Trade And Exchange

scholarly journals Exchange Rate Exposure of Chinese Firms at the Industry and Firm Level

2015 ◽  
Vol 19 (3) ◽  
pp. 592-607 ◽  
Author(s):  
Bo Tang
Keyword(s):  
Exchange Rate ◽  
Chinese Firms ◽  
Firm Level ◽  
Exchange Rate Exposure

Financial Contagion in Five Small Open Economies: Does the Exchange Rate Regime Really Matter?

2000 ◽  
Vol 3 (1) ◽  
pp. 25-51 ◽  
Author(s):  
Zsolt Darvas ◽  
Gyorgy Szapary
Keyword(s):  
Exchange Rate ◽  
Exchange Rate Regime ◽  
Open Economies ◽  
Financial Contagion ◽  
Small Open Economies ◽  
The Exchange Rate

scholarly journals Exchange rate volatility and growth in small open economies at the EMU periphery

2008 ◽  
Vol 32 (1) ◽  
pp. 70-91 ◽  
Author(s):  
Gunther Schnabl
Keyword(s):  
Exchange Rate ◽  
Open Economies ◽  
Exchange Rate Volatility ◽  
Small Open Economies
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