The paper explores the long versus short-term attributes of the airline industry exposure to oil price risk in a … significant, robust, and pervasive, and is coupled with a concerning exposure to the US dollar currency risk. As another … exposures and a reconsideration of hedging policies. …

We examine the efficiency of hedging a credit derivative portfolio with a contrary position in a credit index in the … usually rather unstable due to the volatility of CDS spreads. Since credit derivatives on single names are not very liquid …, the implied adjustments in capital charges could be reduced by the mentioned hedging strategy, and we show that there is …

, I show that it causes a reduction in the supply of FX derivatives (FXD) and results in a substantial decline in exports … for the firms that were heavily relying on FXD hedging. I offer a mechanism in which imbalances in hedging demand, banks …

as derivatives trading, post-trading services and software sales. This trend can be observed most notably among profit …

value of indexlinked credit derivatives is very limited: hedging portfolios including only T-bond futures can reduce the …We consider modeling errors in the hedging of a portfolio composed from BBB-rated bonds. By doing this, we open a new … hedging. This is consistent with the literature identifying an important non-default component within corporate bond spreads …

By buying convertibles and shorting the underlying stock, hedge funds distribute equity exposure to well …, which is in line with hedge funds serving as relatively low-cost distributors of equity exposure rather than investors of …