Cross hedging the Italian Lira/US dollar
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Francesco S. Braga; Larry J. Martin; Karl D. Meilke
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Article
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1989
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John Wiley and Sons
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English
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he recent volatility of the Italian lira/US dollar exchange rate introduces a sub-T stantial exchange rate risk for traders and investors with a portfolio including the two currencies. As will be explained later, due to foreign exchange controls in Italy, this risk can be managed using a rather limi