Arbeitspapier
International trade and the role of market transparency
The paper examines the economic role of market transparency on the decision problems of an international firm. Transparency is described in terms of the informativeness of a publicly observable signal. With higher transparency, the signal conveys more precise information about the random foreign exchange rate. We analyze the interaction between market transparency, ex ante expected production, domestic sales, and exports of the firm. Furthermore, we discuss the welfare implications of more transparency in the foreign exchange market for the firm and domestic consumers.
- Sprache
-
Englisch
- Erschienen in
-
Series: Dresden Discussion Paper Series in Economics ; No. 08/10
- Klassifikation
-
Wirtschaft
Neoclassical Models of Trade
Multinational Firms; International Business
Information and Market Efficiency; Event Studies; Insider Trading
International Financial Markets
- Thema
-
Blackwell theorem
information system
transparency
hedging
international trade
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Broll, Udo
Eckwert, Bernhard
Wong, Kit Pong
- Ereignis
-
Veröffentlichung
- (wer)
-
Technische Universität Dresden, Fakultät Wirtschaftswissenschaften
- (wo)
-
Dresden
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Broll, Udo
- Eckwert, Bernhard
- Wong, Kit Pong
- Technische Universität Dresden, Fakultät Wirtschaftswissenschaften
Entstanden
- 2010
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