balance sheet mismatches, a larger hedging market, and a lower exchange rate pass-through) …

market makers dynamically hedging their long option exposure in a stabilizing manner, consistent with the first objective …

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 …

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 …

short-term capital markets. Yet, their pricing and hedging has not received much attention in the finance literature. Using …, and discusses the problems faced in hedging CCL portfolios …