✦ LIBER ✦
Simple risk measures when hedging commodities using foreign markets: A note
✍ Scribed by Novak, Frank S.; Unterschultz, James R.
- Publisher
- John Wiley and Sons
- Year
- 1996
- Tongue
- English
- Weight
- 342 KB
- Volume
- 16
- Category
- Article
- ISSN
- 0270-7314
No coin nor oath required. For personal study only.
✦ Synopsis
Koonti and R. Tronstad for their comments on an earlier draft of this articlc and G. Mumey for this idras on measuring exchange rate risk. 'Holt, Brandt, and Hurt (1985) and Rrandt (19x5) used MSE to show that it is possiblc to improw returns and reducr short-run risk in the hog industry. Kenyon and Clay (1987) used the idea of' perfect forecasts to measure the benefits of hedging during different parts of the hog cycle. Their results indicate that hog producers can increase returns and decrease the variance of returns using this approach.