Economics Of Hedging
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Economics Of Hedging
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Author : Madhoo G. Pavaskar
language : en
Publisher:
Release Date : 1976
Economics Of Hedging written by Madhoo G. Pavaskar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Cotton trade categories.
Study on futures trading, with special reference to the cotton trade in India.
Economics Of Futures Trading
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Author : B.A. Goss
language : en
Publisher: Springer
Release Date : 1976-06-18
Economics Of Futures Trading written by B.A. Goss and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976-06-18 with Business & Economics categories.
The Economics Of Futures Trading
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Author : B. A. Goss
language : en
Publisher:
Release Date : 1978
The Economics Of Futures Trading written by B. A. Goss and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Business & Economics categories.
Inflation Hedging For Long Term Investors
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Author : Mr.Shaun K. Roache
language : en
Publisher: International Monetary Fund
Release Date : 2009-04-01
Inflation Hedging For Long Term Investors written by Mr.Shaun K. Roache and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-04-01 with Business & Economics categories.
Long-term investors face a common problem-how to maintain the purchasing power of their assets over time and achieve a level of real returns consistent with their investment objectives. While inflation-linked bonds and derivatives have been developed to hedge the effects of inflation, their limited supply and liquidity lead many investors to continue to rely on the indirect hedging properties of traditional asset classes. In this paper, we assess these properties over different time horizons, in the context of a diversified portfolio. Using a vector error correction model, we find that effective short-run hedges, such as commodities, may not work over longer horizons and that tactical asset allocation could enhance investment returns following inflation surprises.
Microeconomic Risk Management And Macroeconomic Stability
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Author : Andreas Röthig
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-08-02
Microeconomic Risk Management And Macroeconomic Stability written by Andreas Röthig and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08-02 with Business & Economics categories.
“The essence of a hedging contract is a coincident purchase and sale in two markets which are expected to behave in such a way that any loss realized in one will be offset by an equivalent gain in the other. If such behavior follows a perfect hedge has been effected. ” Hardy and Lyon (1923, p. 276). 1. 1 LiteratureReviewandMotivation In the traditional hedging literature, the two markets in which hedgers trade are spot and futures markets. The trader’s position in the spot market is generally considered as given. According to Johnson (1960), hedging can be meaningfully de?ned only if the spot market is regarded as the trader’s primary market. The futures market is used solely to counterbalance an existing position in the spot market. Speculators, in contrast, do not have a commitment in the spot market. They take on risk in futures markets in order to pro?t from expected price changes. The hedger synchronizes his trading activities in spot and futures markets in order to reduce spot risk. In the lit- ature this approach to hedging is labeled risk reduction concept. Risk reduction will be achieved if spot and futures prices move more or less in parallel. If prices are p- fectly correlated, risk is abolished, since losses in one market are perfectly offset by pro?ts in the other market. However, as Hardy and Lyon (1923) point out, any div- gence from perfect correlation results in an imperfect hedge.
Optimal Hedging Strategy Re Visited
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Author : Ying Qian
language : en
Publisher: World Bank Publications
Release Date : 1994
Optimal Hedging Strategy Re Visited written by Ying Qian and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Commodity exchanges categories.
The optimal portfolio model for hedging commodity price and exchange rate risks is extended to nonstationary economic time series data. The new approach corrects the problem of unstable solutions often found with earlier models using economic time series that are nonstationary.
Hedging And Output Decisions Under Price And Output Uncertainty
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Author : Michael Hoy
language : en
Publisher: London : Department of Economics, University of Western Ontario
Release Date : 1983
Hedging And Output Decisions Under Price And Output Uncertainty written by Michael Hoy and has been published by London : Department of Economics, University of Western Ontario this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Hedging categories.
Hedging And Nominal Contracts
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Author : Daron Acemoglu
language : en
Publisher:
Release Date : 1992
Hedging And Nominal Contracts written by Daron Acemoglu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Contracts categories.
The Economics And Finance Of Hedge Funds
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Author : Vikas Agarwal
language : en
Publisher:
Release Date : 2015-11-23
The Economics And Finance Of Hedge Funds written by Vikas Agarwal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-23 with Business & Economics categories.
The Economics and Finance of Hedge Funds updates an earlier review by the authors. It includes reviews of recent studies on topics that were covered in the earlier survey, and summarizes research on new topics that were not part of the previous survey. These new topics cover a broad gamut of issues, ranging from hedge funds' use of leverage and exposure to different risks to their impact on various asset markets. The Economics and Finance of Hedge Funds consists of five broad sections. The first section reviews the literature examining both the time-series and cross-sectional variation in hedge fund performance. Time-series performance studies cover return generating processes, dynamic risk exposures, and determination of managerial skill. The second section covers studies focused on the cross-sectional relations between hedge funds' characteristics (including contractual features and time-varying features such as size and age) and fund performance. The third section analyzes the literature on the sources and nature of risks faced by hedge fund investors. In particular, the authors discuss risks that can arise from managerial incentives and sources of capital. The fourth section summarizes research on the role of hedge funds in the financial system. Specific topics here include hedge funds' impact on systemic risk, asset prices, and liquidity provision in financial markets. The fifth and final section focuses on potential biases and limitations of hedge fund data sources.
Hedging Derivatives
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Author : Thorsten Rheinlander
language : en
Publisher: World Scientific
Release Date : 2011
Hedging Derivatives written by Thorsten Rheinlander and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
Valuation and hedging of financial derivatives are intrinsically linked concepts. Choosing appropriate hedging techniques depends on both the type of derivative and assumptions placed on the underlying stochastic process. This volume provides a systematic treatment of hedging in incomplete markets. Mean-variance hedging under the risk-neutral measure is applied in the framework of exponential L(r)vy processes and for derivatives written on defaultable assets. It is discussed how to complete markets based upon stochastic volatility models via trading in both stocks and vanilla options. Exponential utility indifference pricing is explored via a duality with entropy minimization. Backward stochastic differential equations offer an alternative approach and are moreover applied to study markets with trading constraints including basis risk. A range of optimal martingale measures are discussed including the entropy, Esscher and minimal martingale measures. Quasi-symmetry properties of stochastic processes are deployed in the semi-static hedging of barrier options. This book is directed towards both graduate students and researchers in mathematical finance, and will also provide an orientation to applied mathematicians, financial economists and practitioners wishing to explore recent progress in this field."