Muller, A.

exchange market fi rms exposure currency expectation change sample movement exchange rate movements return index value exchange risk exposure stock journal exchange rates exchange rate index crisis multinational fi rm value period forecast month survey signi horizon finance market risk table increase company impact dollar period t exchange rate changes country control result model currency movements exchange rate variability exchange rate expectations spot exchange rates trade-weighted number trade evidence activity fi ndings participant signi ficantly exchange rate exposure fi rm i t þ k estimate latin survey data / journal asian study market participants noise error term measure stock return volatility investor region american sensitivity nancial industry variability consensus effect asset ficient exchange rate crisis countries uctuation control fi rms