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Accumulating through Food Crisis? Farmers, Commodity Traders and the Distributional Politics of Financialization

Baines, Joseph - In: Review of International Political Economy 24 (2017) 3, pp. 497-537

This paper considers the domestic and international ramifications of financialization and grain price instability in the US agri-food sector. It finds that during the recent period of high and volatile prices, the average income of large-scale farms reached the earnings threshold of the top...

Persistent link: https://www.econbiz.de/10011644661

The impact of Brexit on financial markets: Taking stock

Hohlmeier, Michaela; Fahrholz, Christian - In: International Journal of Financial Studies 6 (2018) 3, pp. 1-9

The UK's withdrawal from the EU will have far-reaching consequences on the European economy. However, the ultimate consequences of Brexit, especially for financial markets, depend on the final agreement, which is still under negotiation. Currently, regulated financial services can be provided...

Persistent link: https://www.econbiz.de/10011996131

Derivative Use by Romanian Banks After the EU Adhesion: A Financial Reporting Perspective

Huian, Maria Carmen; Apostol, Ciprian - In: CES Working Papers 6 (2014) 2, pp. 74-84

Romanian banks use derivatives to hedge against or speculate on the movement of economic variables such as foreign …) and individual accounts (starting with 2012). This paper analyzes disclosures on derivatives for a 6-year period (2007 … Romanian banks use derivatives, mostly for economic hedges and without much application of hedge accounting. Swaps are the most …

Persistent link: https://www.econbiz.de/10012017136

What do we really know about corporate hedging? A meta-analytical study

Geyer-Klingeberg, Jerome; Hang, Markus; Rathgeber, … - In: Business Research 11 (2018) 1, pp. 1-31

This paper employs meta-analysis to aggregate and systematically analyze the mixed empirical evidence on the determinants of corporate hedging reported in 132 previously published studies covering data from more than 73,000 firms. Among the fourteen proxy variables analyzed by multivariate...

Persistent link: https://www.econbiz.de/10011817089

Hedging costs and joint determinants of premiums and spreads in structured financial products

Entrop, Oliver; Fischer, Georg - In: Journal of Futures Markets 40 (2020) 7, pp. 1049-1071

Evaluating more than 317,000 discount certificates in the German secondary market, we find that premiums and spreads are endogenous and negatively related but depend on different key determinants. The fundamental determinants of the premiums are mainly profit-related, that is, dividends of the...

Persistent link: https://www.econbiz.de/10012428811

Do firms hedge in order to avoid financial distress costs? New empirical evidence using bank data

Hahnenstein, Lutz; Köchling, Gerrit; Posch, Peter N. - In: Journal of Business Finance & Accounting 48 (2021) 3-4, pp. 718-741

-contract data of the derivatives' use of 189 German middle-market companies that stems from a major bank as well as Basel II default …

Persistent link: https://www.econbiz.de/10012428833

Reverse engineering of option pricing: An AI application

Herzog, Bodo; Osamah, Sufyan - In: International Journal of Financial Studies 7 (2019) 4, pp. 1-12

This paper studies option pricing based on a reverse engineering (RE) approach. We utilize artificial intelligence in order to numerically compute the prices of options. The data consist of more than 5000 call- and put-options from the German stock market. First, we find that option pricing...

Persistent link: https://www.econbiz.de/10013200246

What problem is post-crisis QE trying to solve?

Atkinson, Paul E.; Blundell-Wignall, Adrian - In: Journal of Risk and Financial Management 15 (2022) 2, pp. 1-17

What problem the Fed and other central banks are solving by printing money and letting interest rates fall to zero is the focus of this paper. This activity does not appear to affect nominal GDP or inflation prior to COVID, and yet central bank liabilities have continued to rise. This suggests...

Persistent link: https://www.econbiz.de/10013201344

Variance swap replication: Discrete or continuous?

Le Floc'h, Fabien - In: Journal of Risk and Financial Management 11 (2018) 1, pp. 1-15

The popular replication formula to price variance swaps assumes continuity of traded option strikes. In practice, however, there is only a discrete set of option strikes traded on the market. We present here different discrete replication strategies and explain why the continuous replication...

Persistent link: https://www.econbiz.de/10012610999

Computational finance

Stentoft, Lars - In: Journal of Risk and Financial Management 13 (2020) 7, pp. 1-4

The field of computational finance is evolving ever faster. This book collects a number of novel contributions on the use of computational methods and techniques for modelling financial asset prices, returns, and volatility, and on the use of numerical methods for pricing, hedging, and risk...

Persistent link: https://www.econbiz.de/10012611375