https://scholars.lib.ntu.edu.tw/handle/123456789/90628
Title: | Optimal Hedging Decisions for Taiwanese Corn Traders on the Way of Liberalization | Authors: | KANG ERNEST LIU JEROME CHUN-RONG GEAUN LI-FEN LEI |
Keywords: | Corn industry; Cross-hedging; Exchange rate risk; Forward contract; Taiwan | Issue Date: | 2001 | Journal Volume: | 25 | Journal Issue: | 2-3 | Start page/Pages: | 301-309 | Source: | Agricultural Economics | Abstract: | 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/Keyword: | agricultural market; corn; exchange rate; import; market conditions; Taiwan |
Appears in Collections: | 農業經濟學系 |
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