series patterns for currency risk management.Our approach is Bayesian where extensive use is made of Markov chainMonte Carlo … disturbancedensities) are investigated in relation to the hedging decision strategies.Consequently, we can make a distinction between …

commodities and biofuel helps commodity suppliers hedge their portfolios, and manage the risk and co-risk of their biofuel and … should be considered as viable futures products in financial portfolios for risk management. …

(with or without risk-free opportunity) and symmetric »-stables/substables, this paper also gives separation results for non …-symmetric stable returns distributions under no shorting-conditions, this including new cases of one fund separation without risk …

This paper studies the impact of counter-party default risk of forward contracts on a firm's production and hedging … decisions. Using a model of a risk-averse competitive firm under price uncertainty, it derives several fundamental results. If … expected profits from forward contracts are zero, the hedge ratio is surprisingly not affected by default risk under general …

, firms in the two countries differ notably on issues such as the primary goal of hedging, their choice of instruments, and …

This paper examines the production, export and risk management decisions of a risk-averse competitive firm under … exchange rate risk. The firm is export flexible in allocating its output to either the domestic market or a foreign market …. Under fairly priced currency futures and options, full hedging with both instruments is optimal. Introducing fairly …

additional delivery risk on hedgers. This paper derives the optimal production and futures hedging strategy for a risk …-averse competitive firm in the presence of delivery risk. We show that, depending on its relative valuation, the delivery option may … induce the firm to produce more than in the absence of delivery risk. If delivery risk is additively related to commodity …

exchange rates for currency risk management. Ourapproach is Bayesianwhere extensive use is made of Markov chain Monte Carlo … densities) areinvestigated in relation to the hedging strategies. Consequently, we can make adistinctionbetween statistical …

currency hedging strategies, for a series of 7 models,using Bayesian inference and decision analysis. The models differ in the … way time-varying means,variances or the unconditional error distributions are incorporated. In this extension, we … comparethe hedging decisions and financial returns and utilities as they result from the modellingassumptions and the attitudes …