Pass-Through and Exposure

Gordon Bodnar, Bernard Dumas () and R.C. Marston

Weiss Center Working Papers from Wharton School - Weiss Center for International Financial Research

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.

Keywords: EXCHANGE RATE; PRICING; INDUSTRY (search for similar items in EconPapers)
JEL-codes: F3 L1 (search for similar items in EconPapers)
Pages: 46 pages
Date: 1998
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Pass‐through and Exposure (2002)
Working Paper: Pass-through and Exposure (2000)
Working Paper: Pass-Through and Exposure (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pennif:98-01

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