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prices. Results show that gold is unique among commodities, with prices reacting to specific scheduled announcements in the …'s traditional role as a safe-haven and store of value. Other commodity prices, where such news is significant, exhibit pro …
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This paper uses a dynamic optimization model to estimate the welfare gains of hedging against commodity price risk for commodity-exporting countries. The introduction of hedging instruments such as futures and options enhances domestic welfare through two channels. First, by reducing export...
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international commodity prices. This paper examines the use of commodity options-including plain vanilla, risk reversal, and barrier …
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