.e., the hedging effectiveness of currency futures markets. In particular, the present work demonstrates that the futures … markets for British pounds, German marks, and Japanese Yen have been as effective as hedging devices as have some of the long …

which the risk management and hedging needs of investors may be effectively met through the derivative instruments. However …The phenomenal growth of derivative markets across the globe indicates their impact on the global financial scene. As …, it is equally recognised that derivative markets present market participants and regulators with different and complex …

reinforcing price pressures due to media activity in the previous days. Finally, we find that even though volatility is higher for … the set of days where there is media coverage, this hides important dynamics between media coverage and volatility. The … volatility of market adjusted returns is negatively correlated with the media coverage, both up and down media coverage. Markets …

This study introduces a non linear model for commodity futures prices which accounts for pressures due to hedging and … empirical findings indicate that hedging and speculative behavior change across the two regimes, which we associate with low and … high return volatility, according to a distinctive pattern, which is not homogeneous across commodities. …

that under existing derivative and leverage regulation, funds in both countries are able to increase risk by using … their net assets). Additionally, issuer-oriented rules in the U.S. and Germany account for issuer risk differently: U ….S. funds have greater discretion to undervalue derivative exposure compared to German funds. All analyses of this study reveal …

compare the performance of risk reduction of different methods. The OLS method and a bivariate GJR-GARCH model are employed to … estimate constant optimal hedge ratios and the dynamic hedging ratios, respectively. Data of the SSFs listed on the London …, conventional OLS method, and dynamic hedging) the dynamic hedging performs the best and that naïve hedge is the worst. …