Natural Hedging of Exchange Rate Risk: The Role of Imported Input Prices

In this paper, we estimate ERPT into imported input prices and export prices using disaggregated quarterly trade data for Switzerland over 2004–2011. We find evidence for high pass-through rates into imported input prices. This demonstrates the effectiveness of natural hedging. On the export side, ERPT exhibits substantial sectoral heterogeneity and changes in imported input costs are not transmitted to foreign consumers in most cases. This suggests the use of cheaper imported inputs to offset adverse effects of currency appreciation on export profit margins.

The contract of affreightment as expressed in charterparties and bills of lading /

Includes index.

Rules and regulations governing the administration of the Federal water power act with text of the act and of amendments of March 3, 1921, and June 23, 1930.

Mode of access: Internet.

Synopsis of House bills of the forty-second session of the Legislature of the State of Minnesota and Senate bills that reach the House, 1923 /

Topical index of House bills: p. [239]-274.

Permanent prosperity through Silvio Gesell's dynamic equivalence of exchange establishing a true free enterprise,

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Review of Ramspeck Act : hearing before the Subcommittee on Post Office and Civil Service of the Committee on Governmental Affairs, United States Senate, One Hundred Fourth Congress, first session, May 8, 1995.

Shipping list no.: 95-0291-P.

Unborn Victims of Violence Act of 2003 or Laci and Conner's Law : hearing before the Subcommittee on the Constitution of the Committee on the Judiciary, House of Representatives, One Hundred Eighth Congress, first session on H.R. 1997, July 8, 2003.

"Serial no. 39."

The complete confectioner, or, Housekeeper's guide to a simple and speedy method of understanding the whole art of confectionary : the various ways of preserving and candying, dry and liquid, all kinds of fruit, nuts, flowers, herbs, &c. And the method of keeping them fresh and fine all the year round; the different ways of clarifying sugar; with directions for making fruit pastes, bomboons, pastils, compotes, fruit ices, cream ices, marmalades, jellies, jams, cakes, puffs, biscuits, tarts, custards, cheesecakes, sweetmeats, fritters, creams, syllabubs, blanc-mange, flummeries, ornaments for grand entertainments, dragees, syrups of all kinds, nicknacks and trifles for desserts, strong cordials, oils, simple waters, milk punch that will keep 20 years, and all sorts of English wines. Also, the art of making artificial fruit, with the stalks in it, so as to resemble the natural fruit. To which are added, some bills of fare for desserts for private families /

Originally published under title: The compleat confectioner. Cf. Bitting, K.G. Gastronomic bib., p. 190.

A guide to the Mental deficiency act, 1913 : containing a legal and general exposition of the act, with suggestions to local authorities, managers and others for the organization and administration of the work dealing with the mental defective /

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Consular requirements for exporters and shippers to all parts of the world : including exact copies of all forms of consular invoices, with some hints as to drawing out of bills of lading, etc. /

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The conditional sales acts : being an annotation of the Act Respecting Conditional Sales of Chattels (R. S. O. (1897) Cap. 149) and amendments thereto : to which is appended a complete set of forms /

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Letters to the Honourable Mr. Justice Blackstone : concerning his exposition of the Act of Toleration, and some positions relative to religious liberty, in his celebrated Commentaries on the laws of England /

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A letter to the public containing the substance of what hath been offered in the late debates upon the subject of the Act of Parliament for the better preventing of clandestine marriages.

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