Yang, Dong-Hoon; Song, Inman; Yi, Junesuh; Yoon, Young-Hyeon - In: Review of Pacific Basin Financial Markets and Policies … 09 (2006) 02, pp. 275-295
This study investigates the empirical relationship between the use of derivatives by Korean banks and risk. In doing so …' derivatives are, on average, associated with two measures of risk in negative ways. The evidence is consistent with the …