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on how such companies should manage these increasingly significant risks. The wine sector is one of the most exposed to … Italian wine regions of the province of Trento and of Franciacorta, and an assessment of the profitability of companies …
Persistent link: https://www.econbiz.de/10012893999
rate can affect domestic trading and prices through offshore hedging and international trade if the traders are interested … in their profit in domestic currency. It illustrates how the world prices and foreign futures prices of commodities and …
Persistent link: https://www.econbiz.de/10013131263
If the creditworthiness of a counterparty is a derivative of a commodity price, there is the potential to have right … business in credit risky areas of the world.As concerns publicly listed counterparties I develop a simple approach for … stage I subsume various models for optimal hedging under one general co-integrated model. In a worked example three models …
Persistent link: https://www.econbiz.de/10013061102
It is widely observed that primary commodity prices comove. A parallel literature asserts that correlation risk matters for financial returns. Our novel study connects these topics and presents evidence that commodity correlation risk is both non-constant and important for returns. We reconsider...
Persistent link: https://www.econbiz.de/10014256948
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This paper assesses the extent to which a country s external capital structure can aid in mitigating the macroeconomic impact of oil price shocks. Two Caribbean economies highly vulnerable to oil price shocks are considered: an oil importer (Jamaica) and an oil exporter (Trinidad and Tobago)....
Persistent link: https://www.econbiz.de/10010247919
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The paper discusses the practical issues involved in applying a disciplined risk management methodology to futures trading. Specifically, the paper shows how to apply methodologies derived from both conventional asset management and hedge fund management to futures trading as well as discussing...
Persistent link: https://www.econbiz.de/10013021538
markets, the available tools for credit risk management with a special focus on clearing, CDS, the hedging and pricing of …
Persistent link: https://www.econbiz.de/10013089861