Zerendatu Lan Dokumentuak eta Txosten Teknikoak honen arabera: egilea"Aray, Henry"
-
Going Multinational under Exchange Rate Uncertainty
Aray, Henry; Gardeazabal, Javier(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-02)
A domestic exporting firm faces exchange rate uncertainty and has the option to install capacity abroad, thus becoming multinational. We analyze when the firm should exercise such an option optimally in the context of a ...