Different types of hysteresis are applied in order to describe persistence phenomena in
micro–and macroeconomics. On the microeconomic level sunk adjustment costs generate …

This paper tests the hypothesis that exchange rate exposure is asymmetric over
appreciation–depreciation cycles. More specifically, it investigates whether returns on nine …

This paper tests the hypothesis of asymmetric effects of exchange rate risk with a dynamic
conditional correlation bivariate GARCH (1, 1)-M model. The asymmetry means that …

This study investigates the impact of first‐and second‐moment exchange rate exposure on
the daily returns of nine US sectors from 1992 to 1998. In 17.8% of the cases we detect …

This paper provides evidence on the asymmetric sensitivity of stock returns of French firms to
exchange rate risk and the effect of foreign currency (FC) derivative use in alleviating this …

This study analyzes foreign exchange (FX) cash flow and equity exposures of a sample of
US multinational firms. Focusing on asymmetry in FX cash flow exposures to direction and …

The continuous non‐linear macro‐hysteresis loop is approximated by a rhombus shaped
path which therefore shows a closer affinity to the genuine concept of hysteresis than …

This paper studies the impact of the United Kingdom's June 2016 referendum to withdraw
from European Union membership (“Brexit”) on foreign exchange (FX) exposures. We …

Consequences of economic hysteresis are illustrated based on a standard market model
which is extended by hysteresis dynamics. Hysteresis is implemented in a simple linearized …

This paper studies the effect of floating exchange rates (XRs) on the competitive
environment and the performance of UK small and medium sized enterprises (SMEs). Using …