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to higher delinquencies and interest rates, while exports are unaffected. Natural and financial hedging successfully mute …
Persistent link: https://www.econbiz.de/10014304470
to higher delinquencies and interest rates, while exports are unaffected. Natural and financial hedging successfully mute …
Persistent link: https://www.econbiz.de/10014377488
paper examines the available evidence on the nature and extent of this hedging behaviour. Related to this, Australia’s net …
Persistent link: https://www.econbiz.de/10005423507
optimal hedge ratio given the outcome of past hedging decisions and future expectations. The model implies that the optimal … 2015 and find strong evidence for the model's predictions. By adding a dynamic regret approach to the hedging and FX … literature we shed further light on the rationale behind selective hedging. …
Persistent link: https://www.econbiz.de/10012158926
optimal hedge ratio given the outcome of past hedging decisions and future expectations. The model implies that the optimal … 2015 and find strong evidence for the model's predictions. By adding a dynamic regret approach to the hedging and FX … literature we shed further light on the rationale behind selective hedging. …
Persistent link: https://www.econbiz.de/10012162754
variations. This paper argues that domestic-currency invoicing and hedging with exchange rate derivatives allow a fairly …Domestic-currency invoicing and hedging allow internationally active firms to reduce their exposure to exchange rate … exchange rate on competitiveness) is by its very nature harder to manage, but the paper argues that natural hedging provides …
Persistent link: https://www.econbiz.de/10008459252
effectiveness of such hedges depends on the hedge horizon, they might affect a firm's usage of foreign exchange derivatives and lead …
Persistent link: https://www.econbiz.de/10010302548
The currency carry trade (CCT) strategy - borrowing in low-interest-rate currencies and investing in high-interest-rate currencies - has been found to generate excess returns that cannot be explained by common risk factors. We argue that companies implicitly execute carry trades, when they have...
Persistent link: https://www.econbiz.de/10012158939
The currency carry trade (CCT) strategy - borrowing in low-interest-rate currencies and investing in high-interest-rate currencies - has been found to generate excess returns that cannot be explained by common risk factors. We argue that companies implicitly execute carry trades, when they have...
Persistent link: https://www.econbiz.de/10012162755
effectiveness of such hedges depends on the hedge horizon, they might affect a firm's usage of foreign exchange derivatives and lead …
Persistent link: https://www.econbiz.de/10008683758