Transparency in the Foreign Exchange Market and the Volume of International Trade
Eckwert B, Broll U (2006)
Review of International Economics 14(4): 571-581.
Zeitschriftenaufsatz
| Veröffentlicht | Englisch
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Autor*in
Eckwert, BernhardUniBi;
Broll, Udo
Abstract / Bemerkung
In this paper we study the impact of more transparency in the foreign exchange market on the ex ante expected volume of international trade. Transparency is measured by the informational content of publicly observed signals correlated to the random exchange rate. We find that more transparency may increase or decrease the volume of international trade. In particular, the impact of more transparency depends the curvature of the marginal cost function of the firms. Furthermore, ex ante expected profits of the firms are higher when the foreign exchange market is more transparent.
Stichworte
exchange rate risk | transparency | export production | futures markets
Erscheinungsjahr
2006
Zeitschriftentitel
Review of International Economics
Band
14
Ausgabe
4
Seite(n)
571-581
ISSN
0965-7576
Page URI
https://pub.uni-bielefeld.de/record/2687318
Zitieren
Eckwert B, Broll U. Transparency in the Foreign Exchange Market and the Volume of International Trade. Review of International Economics. 2006;14(4):571-581.
Eckwert, B., & Broll, U. (2006). Transparency in the Foreign Exchange Market and the Volume of International Trade. Review of International Economics, 14(4), 571-581. doi:10.1111/j.1467-9396.2006.00613.x
Eckwert, Bernhard, and Broll, Udo. 2006. “Transparency in the Foreign Exchange Market and the Volume of International Trade”. Review of International Economics 14 (4): 571-581.
Eckwert, B., and Broll, U. (2006). Transparency in the Foreign Exchange Market and the Volume of International Trade. Review of International Economics 14, 571-581.
Eckwert, B., & Broll, U., 2006. Transparency in the Foreign Exchange Market and the Volume of International Trade. Review of International Economics, 14(4), p 571-581.
B. Eckwert and U. Broll, “Transparency in the Foreign Exchange Market and the Volume of International Trade”, Review of International Economics, vol. 14, 2006, pp. 571-581.
Eckwert, B., Broll, U.: Transparency in the Foreign Exchange Market and the Volume of International Trade. Review of International Economics. 14, 571-581 (2006).
Eckwert, Bernhard, and Broll, Udo. “Transparency in the Foreign Exchange Market and the Volume of International Trade”. Review of International Economics 14.4 (2006): 571-581.
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