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Exchange Rate Risk Measurement and Management; Issues and Approaches for Firms

Papaioannou, Michael G. - International Monetary Fund (IMF) - 2006

passive versus active hedging. In addition, it outlines a set of widely accepted best practices in managing currency risk and … presents some of the main hedging instruments in the OTC and exchange-traded markets. The paper also provides some data on the … use of financial derivatives instruments, and hedging practices by U.S. firms. …

Persistent link: https://www.econbiz.de/10005825991

Currency Risk Premia in Global Stock Markets

Merritt, Matthew D.; Roache, Shaun K. - International Monetary Fund (IMF) - 2006

assesses whether exchange rate risk is priced across G-7 stock markets. Given the multitude of hedging instruments available …

Persistent link: https://www.econbiz.de/10005826109

Hedging Foreign Exchange Risk in Chile; Markets and Instruments

Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2005

Policy makers have expressed interest in fostering the development of local foreign exchange derivatives markets with a view to reducing risks arising from currency mismatches between assets and liabilities in the corporate sector. This paper assesses foreign exchange exposure in the corporate...

Persistent link: https://www.econbiz.de/10005599533

Devaluation Expectations and the Stock Market; The Case of Mexico in 1994/1995

Becker, Törbjörn I.; Richards, Anthony J.; Gelos, Gaston - International Monetary Fund (IMF) - 2000

Using company-level data, this paper examines the relative stock-market performance of firms with different foreign-exchange exposures around the time of the 1994/95 Mexican crisis. Contrary to what one might have expected given the alleged peso overvaluation, exporting firms outperformed the...

Persistent link: https://www.econbiz.de/10005605336

Decomposing Climate Risks in Stock Markets

Yang, Yuanchen - 2023

Climate change poses an unprecedented challenge to the world economy and the global financial system. This paper sets out to understand and quantify the impact of climate mitigation, with a focus on climate-related news, which represents an important information source that investors use to...

Persistent link: https://www.econbiz.de/10015059379

U.S. Dollar Risk Premiums and Capital Flows.

Balakrishnan, Ravi - 2006

Intro -- Contents -- I. INTRODUCTION AND SUMMARY -- II. WHAT ARE RISK PREMIUMS ON THE DOLLAR AND HOW CAN WE MEASURE THEM? -- III. CAPITAL FLOWS AND RISK PREMIUMS -- IV. EXPLAINING RISK PREMIUM MOVEMENTS -- V. CONCLUSIONS AND POLICY IMPLICATIONS -- DATA AND REGRESSION METHODOLOGY -- References.

Persistent link: https://www.econbiz.de/10012691012

Currency Risk Premia in Global Stock Markets.

Roache, Shaun K - 2006

Intro -- Contents -- I. INTRODUCTION -- II. PREVIOUS LITERATURE -- III. MODEL SPECIFICATION -- IV. ESTIMATION -- V. DATA AND PRELIMINARY STATISTICS -- VI. MAIN RESULTS -- VII. CONCLUSIONS -- REFERENCES.

Persistent link: https://www.econbiz.de/10012691179

How Do Exchange Rate Regimes Affect Firms' Incentives to Hedge Currency Risk? Micro Evidence for Latin America

Kamil, Herman - International Monetary Fund (IMF) - 2012

Using a unique dataset with information on the currency composition of firms' assets and liabilities in six Latin-American countries, I investigate how the choice of exchange rate regime affects firms' foreign currency borrowing decisions and the associated currency mismatches in their balance...

Persistent link: https://www.econbiz.de/10009654156

Pension Reform and Macroeconomic Stability in Latin America

Roldos, Jorge - International Monetary Fund (IMF) - 2007

This paper reviews macroeconomic aspects of pension reforms in Latin America, focusing on financial market stability and fiscal sustainability. Concentration of pension fund portfolios in government bonds remains high, and the lack of new investment alternatives has distorted asset prices....

Persistent link: https://www.econbiz.de/10005248326

Country Insurance Using Financial Instruments

Ricci, Luca Antonio; Chamon, Marcos; Zhang, Yuanyan Sophia - International Monetary Fund (IMF) - 2011

instruments can explain much of the in-sample variation in borrowing spreads, this fails to materialize in hedging strategies that … and innovation costs could justify the limited interest for this type of hedging in practice …

Persistent link: https://www.econbiz.de/10009203536

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