𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Fiscal Institutions, Credit Ratings, and Borrowing Costs

✍ Scribed by Craig L. Johnson; Kenneth A. Kriz


Book ID
110749425
Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
141 KB
Volume
25
Category
Article
ISSN
0275-1100

No coin nor oath required. For personal study only.


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✍ Arias, JoaquοΏ½n; Brorsen, B. Wade; Harri, Ardian πŸ“‚ Article πŸ“… 2000 πŸ› John Wiley and Sons 🌐 English βš– 285 KB

Empirical research using optimal hedge ratios usually suggests that producers should hedge much more than they do. In this study, a new theoretical model of hedging is derived. Optimal hedge and leverage ratios and their relationship with yield risk, price variability, basis risk, taxes, and financi