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Contracts should be matched to the unique situation of a Major Industrial Plant Project (MIPP). However, in reality, oftentimes contract forms are chosen that do not fit participant's (owners', contractors') competences and risk capabilities. In this paper, MIPP order contract forms are...
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the optimal hedge ratio in the case of hedging transaction risks with forwards is described. -- Currency Risk … ; Transaction Risk ; Currency Forwards ; Optimal Hedging …
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