This paper presents international evidence on the use of financial derivatives for a sample of 7,292 non …-financial firms from 48 countries including the United States. Across all countries, 59.8% of the firms use derivatives in general …, while 43.6% use currency derivatives, 32.5% interest rate derivatives, and only 10.0% commodity price derivatives …

other countries, hedge their consumption basket against ex-change rate risk, realize diversification effects and take …

study uses survey data, which enables us to differentiate between hedging aimed at translation exposure and transaction … increasing with firm size and exposure and that liquidity constraints are important in explaining transaction exposure hedging …. Importantly, we find that the existence of loan covenants explains translation exposure hedging. This suggests that firms hedge …

The paper assesses the usefulness of selective hedging strategies when combined with forecast techniques in the live … hog contract. The use of routine futures and options hedging is not attractive relative to a cash-only strategy. However …, forecasting and hedging can contribute to price risk management improvement for risk-averse producers. Consistent with previous …

. Predictions - pricing of derivatives means predicting - remain uncertain. Findings are based on empirical, experimental techniques … using fictituous derivatives, others. …