Exchange rate exposure for exporting and domestic firms in central and Eastern Europe
- Author
- Raheel Asif (UGent) and Michael Frömmel (UGent)
- Organization
- Abstract
- We analyze the exchange rate exposure of firms in Russia and European Union (EU) accession countries from Central and Eastern Europe: Poland, Hungary, and the Czech Republic. We control for potential effects of exchange rate regimes, the subprime mortgage and Russian financial crisis, EU accession, and the turn-of-the-year effect. We find significant exposure for 60% and 52% of firms in the CEEC-3 and Russia, respectively. Magnitude and direction of firms’ exposure depends on the currency pair (versus either the euro or U.S. dollar) and differs between CEEC-3 and Russia. Differences may result from dissimilar exposure channels in the respective economies.
- Keywords
- Exchange rate exposure, Transition economies, Central and Eastern Europe, International finance, INDUSTRY ANALYSIS, RATE REGIMES, RISK, MARKETS, DETERMINANTS, COMPETITION, VOLATILITY, COMPANIES, BEHAVIOR, STATES
Downloads
-
(...).pdf
- full text (Published version)
- |
- UGent only
- |
- |
- 1.13 MB
Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-8722110
- MLA
- Asif, Raheel, and Michael Frömmel. “Exchange Rate Exposure for Exporting and Domestic Firms in Central and Eastern Europe.” Emerging Markets Review, vol. 51, no. Part A, 2022, doi:10.1016/j.ememar.2021.100863.
- APA
- Asif, R., & Frömmel, M. (2022). Exchange rate exposure for exporting and domestic firms in central and Eastern Europe. Emerging Markets Review, 51(Part A). https://doi.org/10.1016/j.ememar.2021.100863
- Chicago author-date
- Asif, Raheel, and Michael Frömmel. 2022. “Exchange Rate Exposure for Exporting and Domestic Firms in Central and Eastern Europe.” Emerging Markets Review 51 (Part A). https://doi.org/10.1016/j.ememar.2021.100863.
- Chicago author-date (all authors)
- Asif, Raheel, and Michael Frömmel. 2022. “Exchange Rate Exposure for Exporting and Domestic Firms in Central and Eastern Europe.” Emerging Markets Review 51 (Part A). doi:10.1016/j.ememar.2021.100863.
- Vancouver
- 1.Asif R, Frömmel M. Exchange rate exposure for exporting and domestic firms in central and Eastern Europe. Emerging Markets Review. 2022;51(Part A).
- IEEE
- [1]R. Asif and M. Frömmel, “Exchange rate exposure for exporting and domestic firms in central and Eastern Europe,” Emerging Markets Review, vol. 51, no. Part A, 2022.
@article{8722110,
abstract = {{We analyze the exchange rate exposure of firms in Russia and European Union (EU) accession countries from Central and Eastern Europe: Poland, Hungary, and the Czech Republic. We control for potential effects of exchange rate regimes, the subprime mortgage and Russian financial crisis, EU accession, and the turn-of-the-year effect. We find significant exposure for 60% and 52% of firms in the CEEC-3 and Russia, respectively. Magnitude and direction of firms’ exposure depends on the currency pair (versus either the euro or U.S. dollar) and differs between CEEC-3 and Russia. Differences may result from dissimilar exposure channels in the respective economies.}},
articleno = {{100863}},
author = {{Asif, Raheel and Frömmel, Michael}},
issn = {{1566-0141}},
journal = {{Emerging Markets Review}},
keywords = {{Exchange rate exposure,Transition economies,Central and Eastern Europe,International finance,INDUSTRY ANALYSIS,RATE REGIMES,RISK,MARKETS,DETERMINANTS,COMPETITION,VOLATILITY,COMPANIES,BEHAVIOR,STATES}},
language = {{eng}},
number = {{Part A}},
pages = {{23}},
title = {{Exchange rate exposure for exporting and domestic firms in central and Eastern Europe}},
url = {{http://doi.org/10.1016/j.ememar.2021.100863}},
volume = {{51}},
year = {{2022}},
}
- Altmetric
- View in Altmetric
- Web of Science
- Times cited: