bond positions, which creates a net hedging demand for dollar assets that depreciates USD rates in both the forward and … spot markets. We document the time-varying nature of this net hedging demand and show how it relates to economic … FX hedging pressure can account for approximately 30% of all monthly variation in the seven most important dollar …

currency returns, we develop an ambiguity-adjusted dynamic currency hedging strategy for international investors. We propose an …'s ambiguity into the dynamic currency hedging strategy algorithm that can numerically optimize an arbitrary risk measure, such as … investors, the derived dynamic currency hedging strategy with ambiguity is stable, robust, and highly risk reductive. It …

ranging from manufacturing to energy retailing, where risk averse fi rms decide on their hedging strategies before their … product market strategies. We fi nd that hedging modi es the pricing and production strategies of firms. This strategic effect … shareholders risk aversion. It has diametrically opposed impacts depending on the nature of product market competition: hedging …

value of indexlinked credit derivatives is very limited: hedging portfolios including only T-bond futures can reduce the …We consider modeling errors in the hedging of a portfolio composed from BBB-rated bonds. By doing this, we open a new … hedging. This is consistent with the literature identifying an important non-default component within corporate bond spreads …