https://scholars.lib.ntu.edu.tw/handle/123456789/90628
標題: | Optimal Hedging Decisions for Taiwanese Corn Traders on the Way of Liberalization | 作者: | KANG ERNEST LIU JEROME CHUN-RONG GEAUN LI-FEN LEI |
關鍵字: | Corn industry; Cross-hedging; Exchange rate risk; Forward contract; Taiwan | 公開日期: | 2001 | 卷: | 25 | 期: | 2-3 | 起(迄)頁: | 301-309 | 來源出版物: | Agricultural Economics | 摘要: | This paper examines the impacts of exchange rate risk on Taiwanese traders' decisions to hedge corn imports on US futures markets. The results yield the conclusion that, in the absence of a market that provides proper tools to hedge against exchange rate risk, the Taiwanese economy is incurring an observable social loss. Thus, further liberalisation is essential. Taiwan's experiences can serve as an example for developing countries, as the world economy is becoming increasingly integrated. ? 2001 Elsevier Science B.V. All rights reserved. |
URI: | http://ntur.lib.ntu.edu.tw//handle/246246/178117 http://ntur.lib.ntu.edu.tw/bitstream/246246/178117/1/02.pdf |
ISSN: | 0169-5150 | DOI: | 10.1016/S0169-5150(01)00087-1 | SDG/關鍵字: | agricultural market; corn; exchange rate; import; market conditions; Taiwan |
顯示於: | 農業經濟學系 |
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