essential in analyzing optimal hedging and export decisions. When the spot exchange rate and the futures exchange rate are …

of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation …. Given a new risk situation, whether a revision of the hedging-strategy is appropriate will depend upon the elasticity of …

/Estrin 2004) together with the fact that almost all (92 %) of the world's top 500 companies enter derivatives markets for hedging … purposes (ISDA 2008). -- state-dependency ; country risk ; foreign direct investment ; hedging …

rate in question. The study investigates the implications of hedging exchange rate risk of less common currencies for an …

correlated to the foreign currency. By indirectly hedging its foreign exchange exposure the firm can increase its economic …