rate in question. The study investigates the implications of hedging exchange rate risk of less common currencies for an …

While the determinants of firms’ optimal hedging strategies on the micro level are well understood, there is rarely any … diverse hedging policies on macroeconomic stability. It addresses this issue by employing theoretical as well as empirical …Deals with the impact of diverse hedging policies on macroeconomic stability. This book addresses this issue by …

correlated to the foreign currency. By indirectly hedging its foreign exchange exposure the firm can increase its economic …