Christodoulou, Panagiotis; Hambouri, Zaphiro - In: International Journal of Financial Services Management 2 (2007) 1/2, pp. 64-74
Both financial and non-financial firms routinely implement hedging policies to mitigate their exposure to changes in asset prices. For a bond portfolio holder, hedging is usually accomplished using futures contracts. In Greece the Greek government regularly issues bonds of varying maturities,...