This paper examines the optimal production, export allocation and hedging decisions of a risk-averse international firm … each currency. Then, both production and export allocation are separable. Hedging with forward contracts depends on risk … decisions are analyzed under two scenarios. In the first, there is a forward market for one currency only. Then, the export …

-movement of export and import related exchange rates. I find that operational hedging requires firms to intentionally choose … move together. Appreciations of the domestic currency, raising foreign currency export prices, then also reduce marginal … export and import regions with comoving currencies. Analyzing the locational choice of firms confirms that the co-movement of …

optimal hedge ratio given the outcome of past hedging decisions and future expectations. The model implies that the optimal … 2015 and find strong evidence for the model's predictions. By adding a dynamic regret approach to the hedging and FX … literature we shed further light on the rationale behind selective hedging. …

in banks' dollar hedging costs. For identification, we exploit regulatory end-of-quarter reporting that penalizes banks …

characteristics which proxy for corporate hedging are not significant. Further, using a portfolio approach, it is demonstrated that … currency depreciation and appreciation. -- Foreign exchange ; exposure ; stock returns ; international finance ; hedging …

the optimal hedge ratio in the case of hedging transaction risks with forwards is described. -- Currency Risk … ; Transaction Risk ; Currency Forwards ; Optimal Hedging …

diversified mixed asset portfolios via different hedge tools. Several hedging strategies, using currency forwards and currency …