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Exchange rate volatility and exports: a firm-level analysis |
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| Authors: | Mehmet Nihat Solakoglu Ebru Güven Solakoglu Tunç Demira? |
| Institution: | 1. Department of Banking and Finance , Bilkent University, Bilkent , Ankara, 06800, Turkey nsolakoglu@bilkent.edu.tr;3. Department of Banking and Finance , Bilkent University, Bilkent , Ankara, 06800, Turkey;4. Department of Management, Fatih University , Büyük?ekmece , ?stanbul, 34500, Turkey |
| Abstract: | The relationship between real exports and exchange rate volatility is investigated using panel data analysis at the firm level. Results indicate that there is no negative or positive relationship between volatility and real exports. In addition, firm size and level of international activity do not influence the size and significance of the volatility effect on exports. However, there is some evidence that firms use import revenue to lower their exchange rate exposure. |
| Keywords: | marketing contracts scope economies scale economies market diversification farm growth |