| Publication type: | Contribution to magazine or newspaper |
| Title: | 'Natural hedging' of exchange-rate risk: the role of imported input prices |
| Authors: | Fauceglia, Dario Shingal, Anirudh Wermelinger, Martin |
| Published in: | VOX: CEPR Policy Portal |
| Issue Date: | 19-Oct-2012 |
| Publisher / Ed. Institution: | Centre for Economic Policy Research |
| Language: | English |
| Subjects: | Input price; Import; Hedging; Exchange rate; International trade |
| Subject (DDC): | 337: International economics and commerce |
| Abstract: | Recent literature on the role of imported inputs in exchange-rate adjustments of exports implicitly assumes full exchange-rate pass-through into imported input prices, which is a rather strong assumption. This column uses intermediate input prices to investigate the effect of exchange-rate fluctuations in Switzerland. It suggests an appreciation of the currency leads to higher profit margins through the import channel and imported inputs act as a natural means for hedging exchange-rate risks. |
| URI: | https://voxeu.org/article/natural-hedging-exchange-rate-risk https://digitalcollection.zhaw.ch/handle/11475/14758 |
| Fulltext version: | Published version |
| License (according to publishing contract): | Licence according to publishing contract |
| Departement: | School of Management and Law |
| Organisational Unit: | Center for Economic Policy (FWP) |
| Appears in collections: | Publikationen School of Management and Law |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.