domestic portfolio. We propose modeling the currency hedging strategy as a function of characteristics proxying for expected … hedging. Proxies for risk, such as volatility, skewness, beta on volatility, and equity sensitivity are irrelevant in our …

show that the full-hedging theorem holds only when the firm always finds it optimal to sell its entire output in the … calls for the use of currency options for hedging purposes …

investors without access to currency derivative instruments. We show how the currency hedging decision changes in the presence …We describe a simple framework for the currency hedging of global investment portfolios from the perspective of an … range of different investor home currencies. We conclude that there are challenges to 'set-and-forget' currency hedging …

This paper examines the benefits from hedging the currency exposure of international investments in single- and multi … 2009, hedging of currency risk substantially reduced the volatility of foreign investments at a quarterly investment … hedging for risk reduction purposes remained strong.In addition to its impact on risk, hedging affected returns in …