a regime-switching model and find evidence for the existence of a high volatility regime, in which returns are more … international diversification is still valuable with regime changes. Currency hedging imparts further benefit. The costs of ignoring … the regimes are small for moderate levels of risk aversion, and the intertemporal hedging demands induced by time …

a regime-switching model and find evidence for the existence of a high volatility regime, in which returns are more … international diversification is still valuable with regime changes. Currency hedging imparts further benefit. The costs of ignoring … the regimes are small for moderate levels of risk aversion, and the intertemporal hedging demands induced by time …

investors' risk appetite on their risk mitigation strategies and the indirect effect of investors' risk appetite on hedging … appetite decreases with age, and people prefer stable returns to volatility as their age progresses. This research points to … study is to examine whether the risk appetites (RA) of retail investors can have an impact on their hedging strategies (HS …