essential in analyzing optimal hedging and export decisions. When the spot exchange rate and the futures exchange rate are …

optimal hedge ratio given the outcome of past hedging decisions and future expectations. The model implies that the optimal … 2015 and find strong evidence for the model's predictions. By adding a dynamic regret approach to the hedging and FX … literature we shed further light on the rationale behind selective hedging. …

hedging seem to be inapplicable in the Kuwaiti case. However, these theories provide only partial explanations for management … business group is significantly correlated with its level of hedging, suggesting that firms that are members of a family group … them evaluate the hedging strategies they employ. This study shows how different behaviors toward risk exist between firms …

of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation …. Given a new risk situation, whether a revision of the hedging-strategy is appropriate will depend upon the elasticity of …

This paper compares the pricing and hedging performance of the LMM model against two spot-rate models, namely Hull … contrast to previous studies in the literature, our emphasis here is on ALM and we use hedging performance on Bermudan … stable and their pricing errors are small and comparable. No single model dominates in the pricing exercise. The hedging …

particular, we compare the two models for pricing and hedging Bermudan swaptions because of its resemblance to prepayment option … the hedging performance show that the Black-Karasinski model is more effective in hedging the interest rate risk of the at …