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Although the literature on the benefits of diversifying equity portfolios to emerging markets is abundant, the role of frontier markets in global equity portfolio diversification is clearly less examined. We contribute to the existing literature by examining three different, though closely...
Persistent link: https://www.econbiz.de/10014233132
instability. Therefore, an efficient risk measure and hedging strategies are needed to help investors protect their investments …
Persistent link: https://www.econbiz.de/10013241460
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 …
Persistent link: https://www.econbiz.de/10013159315
/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 …
Persistent link: https://www.econbiz.de/10013057834
increase but hedging costs rise as well. Based on the spillover index we document that during calm periods most of the …
Persistent link: https://www.econbiz.de/10011763803
Using a database of over 500 Mexican companies, we examine the determinants of the share of foreign-currency denominated debt in total debt, finding that it is positively correlated with imports, exports, and the size of the firm
Persistent link: https://www.econbiz.de/10014109186
This paper investigates dynamic currency hedging benefits, with a further focus on the impact of currency hedging … is hedged. Hedging strategies of currency risk, using exchange rates futures and driven by several multivariate GARCH … decrease in hedging rations compared to naïve hedging strategies based on linear regressions or variance smoothing …
Persistent link: https://www.econbiz.de/10013074792
returns to understand whether art can be considered a safe haven during volatile times or a hedging option in general by … as a hedging mechanism on average to enhance returns and to decrease risk of portfolios and improve diversification …
Persistent link: https://www.econbiz.de/10012868094
This study uses the BEKK-GARCH model to examine the return-and-volatility spillover between the world-leading markets (USA and China) and four emerging Latin American stock markets over the global financial crisis of 2008 and the crash of the Chinese stock market of 2015. Regarding return...
Persistent link: https://www.econbiz.de/10012309325
. For energy sector equities, the dynamics of hedge ratios does not support using either crude oil or gold futures for cross-hedging …
Persistent link: https://www.econbiz.de/10012949196