An empirical analysis of bank hedging in
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G. D. Koppenhaver
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Article
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1990
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John Wiley and Sons
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English
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uch has been written about the use of futures contracts to manage the interest rate 'For theoretical contributions, see Hilliard (1984), Ho andSaunders (1983), Kolb andChiang (1982), and Koppenhaver (1985(a)). On a more practical level, Booth and Koveos (1986) develop a two-stage linear programming