use of financial derivatives instruments, and hedging practices by U.S. firms. … 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 …

derivatives, by applying a vector autoregression (VAR) model to publicly available market prices. Our results indicate that use of … credit derivatives does not pose a substantial threat to financial sector stability in the United Kingdom. Exposures across …

Stricter derivative margin requirements have increased the demand for liquid collateral, but euro area investment funds …, which use derivatives extensively, have been reducing their liquid asset holdings. Using transaction …-by-transaction derivatives data, we assess whether the current levels of funds' holdings of cash and other highly liquid assets would be adequate …

participants’ risk perceptions trigger derivatives trading, which in turn lead to changes in the spot exchange rate without capital … flows. Specifically, we find that risk-off episodes coincide with forward hedging and reduced net short positions or a …

This paper proposes a framework for the surveillance of financial institutions' derivatives activities. The designed …) analyzing quantitative information on Derivatives activities, (ii) determining the adequacy of prudential regulations and … of the derivatives activities of financial institutions. …

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 …