Given that a multinational enterprise can react flexibly upon exchange rate movements, international trade flows may be interpreted as an option. An enterprise will opt to export if the profits obtained from exporting under given exchange rate developments are greater than if foreign subsidiary sales were opted. Naturally, given negative exchange rate scenario situations, an enterprise will cho...

ECENT programs for international coordination of economic policies have focused on the control of exchange rate movements among the major industrial countries. Such efforts gained visibility in the 1985 Plaza Agreement among the G5 nations (the United States) Canada, France Germany and the United Kingdom) to curb the rising dollar, and in the subsequent joint efforts to prevent it from falling ...

abstract according to the importance of date export in iran, this study investigates short run and long run relationship between date export and important economical variable, specifically exchange rate. for this purpose, an autoregressive distributed lag approach (ardl) to cointegration is applied to annually time-series data from 1981 to 2007. results showed that the exchange rate, export pri...

_________________________________________________________________________ We develop a simple, multicountry, multisector intertemporal general equilibrium model in which the degree of tradability of output differs across sectors. Tradability is determined both by the degree of substitutability in consumption between units of the same good produced in different countries and by the transactions ...

: 1h nmr spectra of a series of enaminones r-co-ch=c(nhch2ph)-r  [1, r=ch3; 2, r=c6h5; 3, r=cf3; 4, r=ch2ch2ch2; 5, r=ch2c(ch3)2ch2], were obtained in the presence of trifluoroacetic acid in cdcl3 or dmso-d6 at 28 °c. steric, solvent, electronic and hydrogen bonding effects on the rates of acid-catalyzed nh proton exchanges were investigated. rate constants were calculated by 1h nmr line shape ...

Structural shifts characterize the volatility of the Korean stock and foreign exchange markets during the 1997 Asian financial crisis. This paper employs an unrestricted bivariate GARCH-M model of stock market returns to investigate empirically the effects of daily currency depreciation on Korean stock market returns. The evidence shows that currency depreciation significantly affects stock mar...