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Hedging Foreign Exchange Risk in Chile : Markets and Instruments
Chan-Lau, Jorge A. - 2005
Policy makers have expressed interest in fostering the development of local foreign exchange derivatives markets with a … derivatives market in Chile, and argues that liquid and developed foreign exchange derivatives markets can help promote financial …
Persistent link: https://www.econbiz.de/10014401031
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Currency Hedging for International Portfolios
Schmittmann, Jochen M. - 2010
This paper examines the benefits from hedging the currency exposure of international investments in single- and multi … 2009, hedging of currency risk substantially reduced the volatility of foreign investments at a quarterly investment … hedging for risk reduction purposes remained strong.In addition to its impact on risk, hedging affected returns in …
Persistent link: https://www.econbiz.de/10014402714
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How Do Exchange Rate Regimes Affect Firms' Incentives to Hedge Currency Risk? : Micro Evidence for Latin America
Kamil, Herman - 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/10014396931
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Extensive margin adjustment of multi-product firm and risk diversification
Carvalho, Carlos Viana de; Hong, Gee Hee; Zhou, Jing - 2017
Product scope adjustment is a key mechanism through which multi-product firms achieve efficient resource allocations. In this paper, we take a novel perspective to study firms' product scope adjustment behavior through the lens of asset pricing. Using a unique panel scanner data set containing...
Persistent link: https://www.econbiz.de/10011704969
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Risk Diversification in the Credit Portfolio : An Overview of Country Practices
Morris, JoAnne - 2001
in imposing standards for risk diversification in the credit portfolio. The issues reviewed for each country are the …
Persistent link: https://www.econbiz.de/10014401441
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The driving force behind the boom and bust in construction in Europe
Sun, Yan; Mitra, Pritha; Simone, Alejandro - 2013
This paper studies the factors behind pro-cyclical but widely varying construction shares (as a percent of GDP) across countries, with a strong focus on European countries. Using a dataset covering 48 countries (including advanced and emerging economies within and outside Europe) for 1990-2011,...
Persistent link: https://www.econbiz.de/10012667515
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A diversification strategy for South Asia
Lian, Weicheng; Liu, Fei; Svirydzenka, Katsiaryna; Zhu, … - 2021
determinants that explain the variation in export diversification and complexity across 189 countries from 1962 to 2018. Our …
Persistent link: https://www.econbiz.de/10012605524
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Comfort in floating : taking stock of twenty years of freely-floating exchange rate in Chile
Albagli, Elías; Calani, Mauricio; Hadzi-Vaskov, Metodij; … - 2020
balance sheet mismatches, a larger hedging market, and a lower exchange rate pass-through) …
Persistent link: https://www.econbiz.de/10012252010
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The behavior of currencies during risk-off episodes
De Bock, Reinout; Carvalho Filho, Irineu de - 2013
Episodes of increased global risk aversion, also known as risk-off episodes, have become more frequent and severe since 2007. During these episodes, currency markets exhibit recurrent patterns, as the Japanese yen, Swiss franc, and U.S. dollar appreciate against other G-10 and emerging market...
Persistent link: https://www.econbiz.de/10012671010
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A Network Analysis of Sectoral Accounts : Identifying Sectoral Interlinkages in G-4 Economies
Almeida, Luiza Antoun de - 2015
The recent financial crisis highlighted that balance sheet exposures can be a major shock transmission channel. Using sectoral accounts data in combination with data from the Coordinated Portfolio Investment Survey, International Investment Position, and BIS this paper estimates bilateral...
Persistent link: https://www.econbiz.de/10012418218