Hachicha, Nejib; Ghorbel, Ahmed; Feki, Mohamed Chiheb; … - In: Borsa Istanbul Review 22 (2022) 2, pp. 209-225
Our goal in this paper is to examine the time-varying optimal hedging ratios for the Dow Jones Islamic and conventional … January 2000 to April 2019, along with, DCC, ADCC and GO-GARCH models as well as a hedging effectiveness criterion, we … determine the best hedging instrument(s). Our findings prove that CDS indices are the best hedging instruments for both Islamic …