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  • Exchange rate exposure

    Exchange rate exposure

    It is widely believed that changes in exchange rates have important implications for financial decision-making and for the profitability of firms. One of the central motivations for the creation of the euro was to eliminate exchange rate risk to enable European firms to operate free from the uncertainties of changes in relative prices resulting from exchange rate movements. At the macro level, there is evidence that the creation of such...

     32 p mku 08/06/2012 266 1

    Từ khóa: financial, Exchange rate exposure, central motivations, uncertainties, European firms, coefficients estimated

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