opportunities for interestrate and currency arbitrage in Nigeria but using aggregate capital flows mask thisevidence. The study …

financial instruments. We study the currency hedging behaviour of the Danish pension sector and show that it differs with …

hedging opportunity is introduced by a forward market where the foreign currency can be traded on. We investigate two settings …: First we assume that hedging and output decisions are taken simultaneously. We show that hedging is just done for risk … managing reasons as it is not possible to use hedging strategically. In this setting the well-known separation result of the …

exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal …

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 …

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

in banks' dollar hedging costs. For identification, we exploit regulatory end-of-quarter reporting that penalizes banks …