This paper analyzes optimal hedging of a tradable risk (e.g. price risk or exchange rate risk) with forward contracts … noise, cross hedging and speculating on the real risk premium are conflicting objectives; the level of relative risk …

interventions confirms these results and the hedging channel. However, the policy entails fiscal and moral hazard costs. …

complementary. Regarding the introduction of new derivative products for credit risk transfer, the recent announcement by the RBI …

für derivative Finanzinstrumente, ihre Bewertung und ihren Ausweis im Jahresabschluss schaffen wollten, zeigt der hier … Mittel zur Risikoabsicherung, das so genannte "Hedging". Fallbeispiele und zahlreiche Abbildungen veranschaulichen die z. T …

and the double hedging theorems are derived. The behavior of the same firm with and without complete markets is compared …

The aim of this study is to determine the main factors affecting the use of foreign exchange hedging instruments by … Chinese firms, following their regulatory changes in the derivative markets. The original contributions to this literature … probability approach. The results suggest the main determinants of derivative use are the overseas trade conducted by these firms …

nontrivial hedging gains in and out of sample. During 1999-2019, the maximum Sharpe ratio portfolio assigns positive weights to …