Hwang, Angela L.J.; Jensen, Robert E. - In: Managerial Finance 31 (2005) 9, pp. 63-82
This paper explains the concepts of underhedging and overhedging in interest rate swaps and demonstrates how overhedged and underhedged swaps might be accounted for under Statement of Financial Accounting Standards No. 133 (FAS 133) and international Accounting Standard No. 39. To illustrate, we...
