. For energy sector equities, the dynamics of hedge ratios does not support using either crude oil or gold futures for cross-hedging …

We derive a closed-form expression for the mean and marginal hedging demand on risky assets in long-term asset …-form expression for the hedging demand is exact under polynomial specifications of the portfolio policy rule and a suitable … approximation for unknown smooth parametric portfolio policy rules using Taylor expansions. The hedging demand on risky assets …

shocks, such as the US-China trade war, the COVID-19 pandemic and the Russia-Ukraine war. Furthermore, we assess the hedging …-term Treasury bonds, and their hedging ability was improved during COVID-19 …

bond positions, which creates a net hedging demand for dollar assets that depreciates USD rates in both the forward and … spot markets. We document the time-varying nature of this net hedging demand and show how it relates to economic … FX hedging pressure can account for approximately 30% of all monthly variation in the seven most important dollar …

This paper investigates the inflation hedging capability of listed real estate (LRE) companies from 1990 to 2021 in …-VECM), we identify that the short-term hedging ability moves towards being negative or zero during crisis periods. In non … and shows a superior inflation hedging ability than stocks. Additionally, we identify inflation-hedging portfolios by …

total connectedness escalated during stress periods. Moreover, we examine the hedging ability of timber and water by … constructing optimal hedge ratios and portfolio weights. Both assets constitute an effective hedging tool for shipping, crude oil … and bond investors, with the short position in the volatility of water to provide higher hedging effectiveness …