Derivatives activity, motivated by risk-sharing, can breed risk taking. Bad news about the risk of the asset underlying …

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 …

found to be affected by exchange rate risk appear to be smaller and tend to use fewer derivatives when they are compared …

Despite the great success of the derivatives market, several concerns were expressed regarding the additional … volatility stemming from program trading during the expiration of derivatives. This paper examines the impact of the expiration … of the KOSPI 200 index derivatives on cash market of Korea Stock Exchange (KSE). The KOSPI 200 index derivatives market …

found to be affected by exchange rate risk appear to be smaller and tend to use fewer derivatives when they are compared …

This paper studies the impact of the banks’ portfolio holdings of financial derivatives on the banks’ individual …, outperforms the others. Using this measure we find that the banks’ holdings of foreign exchange and credit derivatives increase … the banks contributions to systemic risk whereas holdings of interest rate derivatives decrease it. Nevertheless, the …

by hedging with financial derivatives. But the complementary relationship between risk-management decisions differs …