markets, the available tools for credit risk management with a special focus on clearing, CDS, the hedging and pricing of …

If the creditworthiness of a counterparty is a derivative of a commodity price, there is the potential to have right … stage I subsume various models for optimal hedging under one general co-integrated model. In a worked example three models …

We study how risk management through hedging impacts firms and competition among firms in the life insurance industry … face costly external finance increase hedging after staggered state-level financial reform that reduces the costs of … hedging. Post reform impacted firms have lower risk and fewer negative income shocks. Product market competition is also …

hedge ratio. Extensive out-of-sample tests give insights in the practice of hedging various cryptos and crypto indices … dependence structures between BTC-not-involved assets and the futures. As a consequence, results of hedging other assets and …

effect on the hedging behaviour against the counterparty. As the current regulatory frameworks explicitly formulate any … capital relief motives and provides a viable hedging instrument beyond receiving coverage through collateral. …

of hedging on firm value and performance. We show that interest rate risk hedging is negatively related to firm value and … performance and that this adverse relation is caused by the use of very popular and yet inefficient hedging strategies which rely … on options and swaps contracts. The high demand for the above inefficient hedging strategies is very intriguing because …

reinsurers. In response, weather risk hedging may be valuable, however, due to basis risk it has been largely unsuccessful to … dependence of weather risk to reduce basis risk. The analysis shows that the LSHAC model can improve the hedging performance … through more accurate modelling of the dependence structure of weather risks and is more effcient in hedging extreme downside …

We examine the efficiency of hedging a credit derivative portfolio with a contrary position in a credit index in the …, the implied adjustments in capital charges could be reduced by the mentioned hedging strategy, and we show that there is … volatility are high. Increases in VIX, in the 10-year swap rate or in liquidity risk tend to decrease hedging efficiency …