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We take a simple time-series approach to modeling and forecasting daily average temperature in U.S. cities, and we inquire systematically as to whether it may prove useful from the vantage point of participants in the weather derivatives market. The answer is, perhaps surprisingly, yes....
Persistent link: https://www.econbiz.de/10010298284
investors with hedging demands. In support of this explanation we find that the CDS-lag and its news-specificity are related to … various firm-level proxies for hedging demand in the cross-section as well measures for economy-wide informational asymmetries …
Persistent link: https://www.econbiz.de/10010326281
located in France, Germany, the U.K., and the U.S. under different assumptions about currency hedging. We compare these …
Persistent link: https://www.econbiz.de/10011604475
diversified mixed asset portfolios via different hedge tools. Several hedging strategies, using currency forwards and currency …
Persistent link: https://www.econbiz.de/10010316299
Surveys of corporate risk management document that selective hedging, where managers incorporate their market views … into firms' hedging programs, is widespread in the U.S. and other countries. Stulz (1996) argues that selective hedging … strength to withstand the additional risk from market timing. We study the practice of selective hedging in a 10-year sample of …
Persistent link: https://www.econbiz.de/10010281517
In this paper we investigate whether the currency risk is priced in international stock markets. We suggest a parsimonious version of the international capital asset pricing model with an EGARCH-M(1,1) specification of the second moments' dynamics of stock and currency returns, assuming that the...
Persistent link: https://www.econbiz.de/10010284112
Das Backgewerbe hebt sich durch eine große Zahl von kleinen und mittelgroßen Betrieben und durch eine hohe … wesentlichen Einfluss auf die Arbeits- und Beschäftigungsbedingungen im Backgewerbe. Beispielsweise haben Teilzeitarbeit und …
Persistent link: https://www.econbiz.de/10011892742
The wheat growing, flour milling and bread baking industries (henceforth, for the sake of brevity, 'the industries') are closely interrelated in various ways. [...] In New Zealand most wheat is grown to be milled into flour, with individual farmers usually contracting directly with particular...
Persistent link: https://www.econbiz.de/10010289055
Russia's invasion of Ukraine has threatened global grain supplies as it reduces production and exports while increasing …‐term impacts of the conflict on grain imports and prices in Africa. We use a long‐run general equilibrium trade model to study … sanctions against trading with Russia; and (3) an outright ban on Russian grain export. The model simulations show that the …
Persistent link: https://www.econbiz.de/10014527914
Entering the 2020s, LNG sellers are operating in an increasingly oversupplied global market, thus facing the problems of whether and where they will be able to 'find a home' for their cargoes. Given that the EU is the only liquid gas market with regulated third party access (TPA) to LNG import...
Persistent link: https://www.econbiz.de/10012663561