Browsing School of Business by Subject "Economic openness"

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Firm-level exchange rate exposure in the Eurozone

Hutson, Elaine ; O'Driscoll, Anthony (Elsevier, 2010-10)

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 ...
Openness, hedging incentives and foreign exchange exposure : a firm-level multi-country study

Hutson, Elaine ; Stevenson, Simon (Palgrave Macmillan, 2010-01)

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 ...