'hedging counterpart of last resort,' can help stabilize financial intermediation when U.S. dollar funding markets come under …

This study examines the interrelation between small traders open interest and large hedging and speculation in the …

-denominated trade, in turn, exposes these firms to exchange rate or “FX” risk. Despite this, there is no systematic study of hedging … hedging and hedging instruments from the perspective of SMEs …

Abstracting from self-protection and self-insurance e ects of export produc-tion choices, exporting rms usually have … achieved from the existence of risk sharing markets are the separationtheorem and the and full-hedging theorem. This note … examines the optimalproduction for exports and hedging decisions of a risk-averse rm facing bothhedgeable exchange rate risk …