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Article: Multiple currencies and hedging

TitleMultiple currencies and hedging
Authors
Broll, UWong, KPZilcha, I
Issue Date1999
PublisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/ECCA
Citation
Economica, 1999, v. 66 n. 264, p. 421-432 How to Cite?
AbstractThis paper presents a model of a competitive exporting firm confronting multiple currency risks. Future markets do not exist for the firm's own currency, but do exist between currencies of two countries to which the firm exports its entire output. We provide analytical insight into optimal cross-hedging and its implications on production and on trade flows. We show that the unbiasedness of the cross-currency futures market does not imply non-random profits. Furthermore, the availability of cross-hedging opportunities has no effects on production but does have effects on exports.
Persistent Identifierhttp://hdl.handle.net/10722/85657
ISSN
0013-0427
2023 Impact Factor: 1.6
2023 SCImago Journal Rankings: 1.419
ISI Accession Number ID
WOS:000083948100001
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorBroll, Uen_HK
dc.contributor.authorWong, KPen_HK
dc.contributor.authorZilcha, Ien_HK
dc.date.accessioned2010-09-06T09:07:41Z-
dc.date.available2010-09-06T09:07:41Z-
dc.date.issued1999en_HK
dc.identifier.citationEconomica, 1999, v. 66 n. 264, p. 421-432en_HK
dc.identifier.issn0013-0427en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85657-
dc.description.abstractThis paper presents a model of a competitive exporting firm confronting multiple currency risks. Future markets do not exist for the firm's own currency, but do exist between currencies of two countries to which the firm exports its entire output. We provide analytical insight into optimal cross-hedging and its implications on production and on trade flows. We show that the unbiasedness of the cross-currency futures market does not imply non-random profits. Furthermore, the availability of cross-hedging opportunities has no effects on production but does have effects on exports.en_HK
dc.languageengen_HK
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/ECCAen_HK
dc.relation.ispartofEconomicaen_HK
dc.rightsEconomica. Copyright © Blackwell Publishing Ltd.en_HK
dc.titleMultiple currencies and hedgingen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0013-0427&volume=66&spage=421&epage=432&date=1999&atitle=Multiple+Currencies+and+Hedgingen_HK
dc.identifier.emailWong, KP: kpwongc@hkucc.hku.hken_HK
dc.identifier.authorityWong, KP=rp01112en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.scopuseid_2-s2.0-0033372397en_HK
dc.identifier.hkuros52571en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0033372397&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume66en_HK
dc.identifier.issue264en_HK
dc.identifier.spage421en_HK
dc.identifier.epage432en_HK
dc.identifier.isiWOS:000083948100001-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridBroll, U=7004024398en_HK
dc.identifier.scopusauthoridWong, KP=7404759417en_HK
dc.identifier.scopusauthoridZilcha, I=6602084044en_HK
dc.identifier.issnl0013-0427-

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