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Pass-Through and Exposure

Author

Listed:
  • Bernard Dumas

    (HEC Paris - Recherche - Hors Laboratoire - HEC Paris - Ecole des Hautes Etudes Commerciales)

  • Gordon M. Bodnar
  • Richard C. Marston

Abstract

Exchange rates can have a major influence on the pricing behaviour and profitability of exporting and importing firms. Firms differ in the extent to which they "pass-through" changes in exchange rates into the prices they charge in foreign markets. They also differ in their "exposure" to exchange rates -- the responsiveness of their profits to change in exchange rates. Previous papers have studied either pass-through or exposure, but none has studied these two phenomena together.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Bernard Dumas & Gordon M. Bodnar & Richard C. Marston, 1997. "Pass-Through and Exposure," Working Papers hal-00605600, HAL.
  • Handle: RePEc:hal:wpaper:hal-00605600
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    References listed on IDEAS

    as
    1. Knetter, Michael M, 1989. "Price Discrimination by U.S. and German Exporters," American Economic Review, American Economic Association, vol. 79(1), pages 198-210, March.
    2. Feenstra, Robert C., 1989. "Symmetric pass-through of tariffs and exchange rates under imperfect competition: An empirical test," Journal of International Economics, Elsevier, vol. 27(1-2), pages 25-45, August.
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    More about this item

    Keywords

    Pass-Through; Exposure;

    JEL classification:

    • F3 - International Economics - - International Finance
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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