Foreign exchange rate exposure evidence from canada
Using weekly data from 2003 to 2011, this paper examines the presence of exchange rate exposure in thirteen Canadian industry sectors. This study contributes to the literature in a number of ways: (i) it considers the presence of exposure not only in the full sample but also in the pre and post-Global Financial Crisis (GFC) periods, (ii) it considers both linear and nonlinear exposure and (iii Wang (201 4) found evidence of exchange rate exposure in both devel- oped (the US, Australia, Canada, Ja pan and the UK) and emerging Asian markets (Indonesia, Malay sia, South Korea, the Downloadable (with restrictions)! Using weekly data from 2003 to 2011, this paper examines the presence of exchange rate exposure in thirteen Canadian industry sectors. This study contributes to the literature in a number of ways: (i) it considers the presence of exposure not only in the full sample but also in the pre and post-Global Financial Crisis (GFC) periods, (ii) it considers both