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
Margins, Liquidity, and the Cost of Hedging
โ Scribed by Mello, Antonio S.; Parsons, John E.
- Book ID
- 120326981
- Publisher
- John Wiley and Sons
- Year
- 2013
- Weight
- 552 KB
- Volume
- 25
- Category
- Article
- ISSN
- 1078-1196
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