discuss are how companies manage risk, instruments for hedging, liability management and organization, governance and control. …

hedging long bespoke positions. In stratifying a portfolio we define Class-A as the widest credits, Class-B as the middle tier … second part of Chapter Four, we perform analysis to find out which credit index should be used in hedging a long bespoke … selection, and stepwise regression methods to find out if we should use multiple indices in our hedging practices. Multiple …

, stock prices drop marginally significantly. Thus, hedging by producers is not necessarily good. This paper, however, finds …

local and foreign currency debt by capital-constrained firms facing exchange rate risk and hedging possibilities. The model … shows that the currency composition of debt and the level of hedging are both endogenously determined as optimal firms … the corporate sector.The second essay studies the effect of hedging with foreign currency derivatives on Brazilian firms …

, can gain little. Third, hedging exchange risk generally allows the U.S., but not Japanese, investors to benefit more from … international diversification. For U.S. investors, the international bond diversification with exchange risk hedging offers a … superior risk-return trade-off than the international stock diversification, with or without hedging. …

motivates the examination of the price risk managementcapabilities of the CBOT’s ethanol futures contract.Standard hedging … two- to eight-week hedging horizons, theethanol futures contract effectively hedges ethanol inventory price risk. The … effectiveness of thehedge increases with the hedging horizon. Thus, ethanol producers and brokers can use theethanol futures market …