series patterns for currency risk management.Our approach is Bayesian where extensive use is made of Markov chainMonte Carlo … disturbancedensities) are investigated in relation to the hedging decision strategies.Consequently, we can make a distinction between …

exchange rates for currency risk management. Ourapproach is Bayesianwhere extensive use is made of Markov chain Monte Carlo … densities) areinvestigated in relation to the hedging strategies. Consequently, we can make adistinctionbetween statistical …

replicating portfolio is extremely effective asa hedge against the interest rate risk involved in the GAO, that thestatic …

process. The paper also checks the hypothesis of frictionless cross-market hedging, which implies perfectly correlated …

There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which … remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the …