skip to content
Currency hedging and goods trade Preview this item
ClosePreview this item
Checking...

Currency hedging and goods trade

Author: Shang-Jin Wei; National Bureau of Economic Research.
Publisher: Cambridge, MA : National Bureau of Economic Research, ©1998.
Series: Working paper series (National Bureau of Economic Research), working paper no. 6742.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: A puzzle in empirical international finance is the difficulty in finding a large and negative effect of exchange rate volatility on international trade. A common explanation is the availability of hedging instruments. This paper examines the empirical validity of this explanation using data on over 1,000 country pairs. Which countries have currency hedging instruments is not perfectly observable. This  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Shang-Jin Wei; National Bureau of Economic Research.
OCLC Number: 70107941
Notes: "September 1998."
Also available via the Internet at http://www.nber.org/wwp.html.
Description: 1 online resource (21, [11] pages).
Series Title: Working paper series (National Bureau of Economic Research), working paper no. 6742.
Responsibility: Shang-Jin Wei.

Abstract:

Abstract: A puzzle in empirical international finance is the difficulty in finding a large and negative effect of exchange rate volatility on international trade. A common explanation is the availability of hedging instruments. This paper examines the empirical validity of this explanation using data on over 1,000 country pairs. Which countries have currency hedging instruments is not perfectly observable. This paper deals with the problem by specifying an endogenous regime-switching regression. There are two main findings. First, there is no evidence in the data to support the validity of the hedging hypothesis. Second, for country pairs with large trade potential, exchange rate volatility deters goods trade to an extent much larger than that typically has been documented in the literature (without using the switching regression specification).

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/70107941> # Currency hedging and goods trade
    a schema:CreativeWork, schema:Book, schema:MediaObject ;
   library:oclcnum "70107941" ;
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/25686378#Place/cambridge_ma> ; # Cambridge, MA
   schema:about <http://id.loc.gov/authorities/subjects/sh2008120473> ; # Foreign exchange rates--Econometric models
   schema:about <http://id.worldcat.org/fast/931818> ; # Foreign exchange rates--Econometric models
   schema:about <http://experiment.worldcat.org/entity/work/data/25686378#Topic/international_trade_effect_of_foreign_exchange_rates_on_econometric_models> ; # International trade--Effect of foreign exchange rates on--Econometric models
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
   schema:copyrightYear "1998" ;
   schema:creator <http://viaf.org/viaf/66626764> ; # Shang-Jin Wei
   schema:datePublished "1998" ;
   schema:description "Abstract: A puzzle in empirical international finance is the difficulty in finding a large and negative effect of exchange rate volatility on international trade. A common explanation is the availability of hedging instruments. This paper examines the empirical validity of this explanation using data on over 1,000 country pairs. Which countries have currency hedging instruments is not perfectly observable. This paper deals with the problem by specifying an endogenous regime-switching regression. There are two main findings. First, there is no evidence in the data to support the validity of the hedging hypothesis. Second, for country pairs with large trade potential, exchange rate volatility deters goods trade to an extent much larger than that typically has been documented in the literature (without using the switching regression specification)."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/25686378> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/25686378#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/25686378#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:name "Currency hedging and goods trade"@en ;
   schema:productID "70107941" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/70107941#PublicationEvent/cambridge_ma_national_bureau_of_economic_research_1998> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/25686378#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://papers.nber.org/papers/w6742> ;
   schema:url <http://papers.nber.org/> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/70107941> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/25686378#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/25686378#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/70107941> ; # Currency hedging and goods trade
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/25686378#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/70107941> ; # Currency hedging and goods trade
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/25686378#Topic/international_trade_effect_of_foreign_exchange_rates_on_econometric_models> # International trade--Effect of foreign exchange rates on--Econometric models
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh87004890> ;
   schema:name "International trade--Effect of foreign exchange rates on--Econometric models"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh2008120473> # Foreign exchange rates--Econometric models
    a schema:Intangible ;
   schema:name "Foreign exchange rates--Econometric models"@en ;
    .

<http://id.worldcat.org/fast/931818> # Foreign exchange rates--Econometric models
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh2008120473> ; # Foreign exchange rates--Econometric models
   schema:name "Foreign exchange rates--Econometric models"@en ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/66626764> # Shang-Jin Wei
    a schema:Person ;
   schema:familyName "Wei" ;
   schema:givenName "Shang-Jin" ;
   schema:name "Shang-Jin Wei" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.