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Currency Derivatives : Valuation and Risk Management
Tebogo, Baitshepi - 2012
The currency derivative market has evolved from its early days when it was confined to transacting in listed futures …
Persistent link: https://www.econbiz.de/10013107462
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Risk management and derivatives losses
Levin-Konigsberg, Gabriel; Stein, Hillary; García … - 2023 - This version: July 2023
Even though financial risk management has the ability to generate value, the use of financial derivatives among nonfinancial corporations remains limited. We identify a channel that contributes to this limited use: the decoupling of derivatives losses and operational gains. Specifically, firms...
Persistent link: https://www.econbiz.de/10014414181
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Hedging the exchange rate risk in international portfolio diversification : currency forwards versus currency options
Maurer, Raimond; Valiani, Shohreh - 2003
Persistent link: https://www.econbiz.de/10001780243
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Currency hedging and corporate governance : a cross-country analysis
Lel, Ugur - 2006
Persistent link: https://www.econbiz.de/10003324189
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Corporate hedging, investment and value
Berróspide, José M.; Purnanandam, Amiyatosh; Rajan, Uday - 2008
, a period that includes the Brazilian currency crisis of 1999. We find that, derivative users have valuations that are …
Persistent link: https://www.econbiz.de/10003829903
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The impact of the introduction of the euro on foreign exchange rate risk exposures
Bartram, Söhnke M. (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10002659953
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The impact of the introduction of the Euro on foreign exchange rate risk exposures
Bartram, Söhnke M. (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001786264
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Derivatives Usage in Risk Management by Us and German Non-Financial Firms : a Comparative Survey
Bodnar, Gordon M. - 2001
This paper is a comparative study of the responses to the 1995 Wharton School survey of derivative usage among US non … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. In … choice of instruments, and the influence of their market view when taking derivative positions. These differences appear to …
Persistent link: https://www.econbiz.de/10012788332
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Resolving the Exposure Puzzle : The Many Facets of Exchange Rate Exposure
Bartram, Söhnke M. - 2019
Theory predicts sizeable exchange rate (FX) exposure for many firms. However, empirical research has not documented such exposures. To examine this discrepancy, we extend prior theoretical results to model a global firm's FX exposure and show empirically that firms pass through part of currency...
Persistent link: https://www.econbiz.de/10012906218
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Discriminatory Pricing of Over-the-Counter Derivatives
Hau, Harald - 2019
New regulatory data reveal extensive price discrimination against non-financialclients in the FX derivatives market. The client at the 90th percentile pays aneffective spread of 0.5%, while the bottom quarter incur transaction costs of lessthan 0.02%. Consistent with models of search frictions...
Persistent link: https://www.econbiz.de/10012868480