conjunction with supervisory balance sheet information to study the drivers of banks' dollar hedging costs. Comparing contracts of … the same maturity that are initiated during the same hour of the same day, we find large heterogeneity in banks' hedging … are important for understanding how shocks are transmitted internationally through the FX hedging market. …

Using transaction-level data on foreign exchange (FX) forward contracts, we document large demand-driven heterogeneity … in banks' dollar hedging costs. For identification, we exploit regulatory end-of-quarter reporting that penalizes banks …

The present study has extended the analysis of Dash et al (2008) in comparing the performance of different hedging …. Based on the results of the simulation of this model, the hedging strategies which yielded highest returns and lowest …

/or individual that has exposure to foreign exchange rate risk will have specific foreign exchange hedging needs; on the other hand …, the effectiveness of different hedging techniques depends on the specific purposes they serve.The present study extends … the analysis of Dash et al. (2008) in comparing the performance of four different Forex hedging strategies, approaching …

funding costs and quarter-end periods. We find central bank swap lines reduced the order flow to obtain USD through FX swaps …