This note studies the risk-management decisions of a risk-averse farmer. The farmer faces multiple sources of price …

sources of exchange rate uncertainty. The firm has to cross-hedge its exchange rate risk exposure because there is only a … foreign countries, we show that the firm's production decision is independent of the firm's risk attitude and of the …

When measuring market risk, credit institutions and Alternative Investment Fund Managers may deviate from equally … weighting historical data in their Value-at-Risk calculation and instead use an exponential time series weighting. The use of … exponential weighting in the Value-at-Risk calculation is very popular because it takes into account changes in market volatility …

risk (VaR) into the firm-theoretical model of a banking firm facing the risk of asset return. Given the necessity to …