Search Results

SORT BY: PREVIOUS / NEXT
Keywords:Foreign exchange exposure 

Working Paper
The response of multinationals’ foreign exchange rate exposure to macroeconomic news

We use intraday data to estimate the daily foreign exchange exposure of U.S. multinationals and show that macroeconomic news affects these firms? foreign exchange exposure. News creates a substantial shift in the joint distribution of stock and exchange rate returns that has both a transitory and a persistent component. For example, a positive domestic demand surprise, as reflected in higher-than-expected nonfarm payroll, increases the value of the low-exposure domestic activities and results in a persistent decrease in foreign exchange exposure.
Working Papers , Paper 2017-20

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

E3 1 items

F3 1 items

F44 1 items

G14 1 items

FILTER BY Keywords

PREVIOUS / NEXT