Wahl, Jack E.; Broll, Udo - In: Swiss Journal of Economics and Statistics (SJES) 131 (1995) III, pp. 559-566
International firms have an incentive for risk management due to the enormous volatility of the floating foreign exchange rates. Often firms must cross hedge since in reality, not every currency is traded in a futures market. That is, the exporting firm uses futures whose value is highly...