hedging the Value at Risk is zero and the bank chooses to over-hedge. … new ways to banks to manage credit risk. In this paper we use a simple microeconomic model to show how a credit option of … the put type can be used by a bank's risk-averse management to hedge against credit risk. We find that under optimal …

. Given a new risk situation, whether a revision of the hedging-strategy is appropriate will depend upon the elasticity of …Based upon the foundations of mean-variance decision-making theory, we demonstrate that a change in the risk situation … of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation …

Schluss werden geeignete Computerprogramme benannt und Möglichkeiten des Einsatzes der MDS im Marketing kurz vorgetragen. In … möglich. Teil 2 wird dann die Anwendung der MDS in den verschiedenen Bereichen des Marketing, wie bspw. Analyse des Images … scaling (MDS)'. These methods play a significant role in professional marketing. The article begins with some examples and …

Im Laufe des Jahres 1993 war die Metallgesellschaft Refining & Marketing (MGRM), eine US …

derivatives. Precipitation derivatives can be used both for hedging and marketing purposes for a diverse number of possible end … being locally and timely variable make it necessary to develop highly individual contracts to keep the basis risk low. …