Arbeitspapier
Hedging with synthetical forwards and the export decision
The paper focusses on currency options as financial hedging instrumenta. Since currency forwards imply the well-known Separation result, it follows for arbitragefree hedging markets that Separation must also hold in option markets if the traded options allow for con-structing a synthetical forward contract. Furthermore export revenue is fully hedged by synthetical forwards, if the risk premium in the put price is equal to the risk premium in the call price.
- Language
-
Englisch
- Bibliographic citation
-
Series: Diskussionsbeiträge - Serie II ; No. 134
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Broll, Udo
Wahl, Jack E.
- Event
-
Veröffentlichung
- (who)
-
Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
- (where)
-
Konstanz
- (when)
-
1991
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Broll, Udo
- Wahl, Jack E.
- Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
Time of origin
- 1991
Other Objects (12)
Cross hedging in currency forward markets
Information value, export and hedging
Hedging export revenue risk using futures and options
Export Decision and Risk Sharing Markets
Multiple currencies and cross hedging
Differential Taxation and Corporate Futures-Hedging
Dynamic Hedging of Real Wealth Risk
Consumption, inflation risk and dynamic hedging
Cross-hedging of correlated exchange rates
Export and benefits of hedging in emerging economies
Liquidity constrained exporters: Trade and futures hedging
A Note on Hedging a Loan Portfolio
Cross hedging in currency forward markets
Information value, export and hedging
Hedging export revenue risk using futures and options
Export Decision and Risk Sharing Markets
Multiple currencies and cross hedging
Differential Taxation and Corporate Futures-Hedging
Dynamic Hedging of Real Wealth Risk
Consumption, inflation risk and dynamic hedging
Cross-hedging of correlated exchange rates
Export and benefits of hedging in emerging economies
Liquidity constrained exporters: Trade and futures hedging
A Note on Hedging a Loan Portfolio
Cross hedging in currency forward markets
Information value, export and hedging
Hedging export revenue risk using futures and options
Export Decision and Risk Sharing Markets
Multiple currencies and cross hedging
Differential Taxation and Corporate Futures-Hedging
Dynamic Hedging of Real Wealth Risk
Consumption, inflation risk and dynamic hedging
Cross-hedging of correlated exchange rates
Export and benefits of hedging in emerging economies
Liquidity constrained exporters: Trade and futures hedging