The overall market for derivative securities is often estimated as more than ten times the World's GDP and many decry …

and financial hedging. We find that contrary to a rational and frictionless benchmark, performance in previous derivatives …

We examine the efficiency of hedging a credit derivative portfolio with a contrary position in a credit index in the … volatility are high. Increases in VIX, in the 10-year swap rate or in liquidity risk tend to decrease hedging efficiency … usually rather unstable due to the volatility of CDS spreads. Since credit derivatives on single names are not very liquid …

-linked securities. It considers the trade-offs an insurer or reinsurer faces in selecting a hedging strategy. We compare index and … indemnity-based hedging as alternative design choices and ask which is capable of creating the greater value for shareholders … problem yields a conflict of interest between shareholders and other stakeholders. Given the fact that hedging may improve the …

use of computational methods and techniques for modelling financial asset prices, returns, and volatility, and on the use … of numerical methods for pricing, hedging, and risk management of financial instruments. …