the corporate sector.The second essay studies the effect of hedging with foreign currency derivatives on Brazilian firms … compared to non-user firms, derivative users have valuations that are 7-10% higher. Hedging with currency derivatives has three … local and foreign currency debt by capital-constrained firms facing exchange rate risk and hedging possibilities. The model …

for equities. Second, it examines whether or not crude oil derivatives transactions by oil and gas producers can change … crude oil derivatives transactions, and the systematic risk exposure effect of crude oil derivatives transactions. In … crude oil mixed with equities, this study then examines the value effect of crude oil derivatives transactions by oil and …

of risk management. Most courses on derivatives, futures and options, and financial engineering are taught from the … corporation, the utility, the software firm — any potential end-user of derivatives, but not the dealer. Among the topics we will … discuss are how companies manage risk, instruments for hedging, liability management and organization, governance and control. …

market for mortgage backed securities or credit derivatives. Moreover, the observed behavior of traders and institutions that …

an approach to derivatives instruments used to temper or even eliminate them. To illustrate the use of these derivatives …

credit derivatives. This paper will examine the governmental and private regulatory systems that aided the proliferation of …

exchange exposure is negatively related to derivatives market participation, and support the hedging explanation of the … important for emerging market countries that are experiencing remarkable growth in derivatives markets. Using firm level data …, we report a significant fall in exposure over the past 10 years and relate this to higher derivatives market …

, 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. …