Bredin, Donal; Hyde, Stuart(University College Dublin. School of Business. Centre for Financial Markets, 2009)
This paper investigates the degree of both foreign exchange rate and interest rate
exposure of industry level portfolios in the G7. Our paper draws on the efficient market
hypothesis and examines the extent of unexpected ...
Using a sample of 1154 European firms from 11 countries, we show that firm-level
exchange exposure for Eurozone and non-Eurozone European firms has increased since
the introduction of the euro, but this rise was smaller ...
Cotter, John; Bredin, Donal(University College Dublin. School of Business. Centre for Financial Markets, 2006-06)
This report examines the impact of foreign exchange exposure on Irish exporters. The
analysis is completed for aggregate (total) exports and sectoral exports between 1992
and 2005 inclusive. These fourteen years encompasses ...
The benefits of openness to trade are well established, but the disadvantages of openness are less well understood. At the firm level trade is the principal source of exposure to exchange rate movements, and exchange ...
Neary, J. Peter(University College Dublin. School of Economics, 2005-11-11)
This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures derived from the economic theory of index numbers. The indices provide a theoretical
benchmark for ...
Walsh, Brendan M.(University College Dublin. School of Economics, 1993-07-19)
This paper examines the experience of The Gambia following the liberalization of its exchange rate and financial markets in the mid-1980's. It is shown that although nominal interest rates are high, and the real interest ...
Bredin, Donal; Cotter, John(University College Dublin. School of Business. Centre for Financial Markets, 2006)
This paper compares real and nominal foreign exchange volatility effects on exports. Using a flexible lag version of the
Goldstein-Khan two-country imperfect substitutes model for bilateral trade, we identify the overall ...
This paper compares real and nominal foreign exchange
volatility effects on exports. Using a flexible lag version of the
Goldstein-Khan two-country imperfect substitutes model for
bilateral trade, we identify the overall ...