This can be done by undertaking forward sales or purchases of the commodity, security or currency in the FUTURES MARKET, or by taking out an OPTION that limits the option-holder's exposure to price fluctuations. See EXCHANGE RATE EXPOSURE. Collins Dictionary of Economics, 4th ed. © C. ...
Reports that major pension funds in the Netherlands are adopting currency management strategies as they wrestle with a strong guilder and growing international diversification. Funds with plans to hire external currency managers; Arguments for the adoption of currency management programs. 年份: 1995 收藏...
(2010); the dynamic model is estimated using DCC-GARCH, as in the previous section. Table 6 reports the return volatility levels of five different hedging models: ‘no hedge’ refers to a portfolio without hedging, meaning that the portfolio is entirely exposed to currency risk; ‘full hedge...
In recent years, we have seen a very rapid increase in outstanding bank deposits. This increase has been particularly high since the outbreak of the COVID
While the literature places the importance of hedging in scientific writing in the English language, we know little about hedging in Chinese and its fre... MLY Wong 被引量: 1发表: 2009年 Modality in Scientific Communication. A Case Study of Modal Meaning in Scientific Articles (Economics) in...
The increase in the price of jet fuel has been paired with an increase in the price volatility, meaning that not only have the price swings become larger as a percentage, but fuel costs have also become larger in both nominal and real terms. Airlines currently use many different methods to...
5.3 Delta hedging only Simple Delta hedging ignores the risk associated with ϵν meaning that hedging can be done with a single asset, in other words mimicking the PC variant in Section 4. Thus, hedging with hedging instrument 1, we adopt a hedge ratio of h = − ∆L cov(ϵ1, ...
In a capped price arrangement, the purchaser contracts to buy a certain volume of fuel with a capped price, meaning that the purchaser pays the economics of the prevailing pump price up to the point where the retail index price exceeds the capped price, or cap strike. If the retail index ...
"In addition, many opinions ask how to understand the meaning of hedging, clarify the monitoring responsibility and information disclosure requirements of QFII investment index futures, and the above problems are the details of QFII's participation in stock index futures. We plan to explain the QFII...
In most cases, such as coherent risk measures and deviation measures of risk, the risk measure 𝜚ϱ is defined on ℝ𝑛Rn meaning that 𝒟⊥={0}D⊥={0}. We then have the following corollary. Corollary 2. If ϱ is a coherent risk measure and π a sub-linear pricing rule, th...