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The hedging channel of exchange rate determination
Liao, Gordon; Zhang, Tony - 2020 - This draft: May 2020
Persistent link: https://www.econbiz.de/10012229170
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Restricted Export Flexibility and Risk Management with Options and Futures
Adam-Müller, Axel F. A.; Wong, Kit Pong - 2002
. Under fairly priced currency futures and options, full hedging with both instruments is optimal. Introducing fairly …
Persistent link: https://www.econbiz.de/10010324039
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Alternative currency hedging strategies with known covariances
Chen, Wei; Kritzman, Mark; Turkington, David - In: Journal of investment management : JOIM 13 (2015) 2, pp. 6-24
Persistent link: https://www.econbiz.de/10011635273
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Hedging the exchange rate risk in international portfolio diversification: Currency forwards versus currency options
Maurer, Raimond; Valiani, Shohreh - In: Managerial Finance 33 (2007), pp. 667-692
exposure risk. In this regard, several hedging strategies are evaluated and compared with one another. Design … hedge tools brings a much more diversified selection of stock and bond markets than no hedging strategy. The optimal option … optimal forward hedging. In the out-of-sample study, the optimally forward-hedged strategy generally presents a much better …
Persistent link: https://www.econbiz.de/10010757362
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Why firms in the UK use interest rate derivatives
Adedeji, Abimbola; Baker, Richard - In: Managerial Finance 28 (2002) 11, pp. 53-74
Evidence reported by Geczy, Minton and Schrand (1997) showed that foreign exchange risk had a significant influence on the use of currency derivatives but that interest cover and financial leverage did not. In this study, we suggest that the reason why foreign exchange risk was significant but...
Persistent link: https://www.econbiz.de/10014939653
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Hedging the exchange rate risk in international portfolio diversification
Maurer, Raimond; Valiani, Shohreh - In: Managerial Finance 33 (2007) 9, pp. 667-692
exposure risk. In this regard, several hedging strategies are evaluated and compared with one another. Design … hedge tools brings a much more diversified selection of stock and bond markets than no hedging strategy. The optimal option … optimal forward hedging. In the out‐of‐sample study, the optimally forward‐hedged strategy generally presents a much better …
Persistent link: https://www.econbiz.de/10014939946
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Restricted export flexibility and risk management with options and futures
Adam-Müller, Axel F. A.; Kit, Pong Wong - 2002
. Under fairly priced currency futures and options, full hedging with both instruments is optimal. Introducing fairly …
Persistent link: https://www.econbiz.de/10011543653
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Risikomanagement mit Kreditoptionen
Broll, Udo; Welzel, Peter - 2002
hedging the Value at Risk is zero and the bank chooses to over-hedge. …
Persistent link: https://www.econbiz.de/10010291701
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Differential Taxation and Corporate Futures-Hedging
Wahl, Jack E.; Broll, Udo - 2007
Using a two-moment decision model this paper analyzes corporate hedging behavior in the presence of unified and …, therefore, the incentive for hedging reduces. We demonstrate that pure hedging is differently affected by taxation than … speculative hedging is. Analysing tax-sensitivity of the corporate hedge shows that a higher risk in the first place may reduce …
Persistent link: https://www.econbiz.de/10010296818
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The Competitive Firm Under Price Uncertainty: The Role of Information and Hedging
Broll, Udo; Eckwert, Bernhard - 2007
uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable …
Persistent link: https://www.econbiz.de/10010296824