Multiple currencies and hedging

Economica

Volumn 66, Issue 264, 1999, Pages 421-432

  Broll, Udo ^a   Wong, Kit Pong ^b   Zilcha, Itzhak ^c  

^a UNIVERSITY OF BONN   (Germany)

^b UNIVERSITY OF HONG KONG   (Hong Kong)

^c TEL AVIV UNIVERSITY   (Israel)

Author keywords

[No Author keywords available]

Indexed keywords

COMPETITION; FINANCIAL MARKET; MODELING;

EID: 0033372397     PISSN: 00130427     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0335.00181     Document Type: Article

References (29)

1. ANDERSON, R. W. and DANTHINE, J.-P. (1981). Cross hedging. Journal of Political Economy, 89, 1182-96.
2. BENNINGA, S., ELDOR, R. and ZILCHA, I. (1985). Optimal international hedging and output policies in commodity and currency forward markets. Journal of International Money and Finance, 4, 537-52.
3. BROLL, U. (1997). Cross hedging in currency forward markets: a note. Journal of Futures Markets, 17, 475-82.
4. _ and ECKWERT, B. (1996). Cross-hedging of exchange-rate risk. Review of International Economics, 4, 282-6.
5. _ and WAHL, J. E. (1998). Missing risk sharing markets and the benefits of cross hedging in developing countries. Journal of Development Economics, 55, 43-56.
6. _ and WONG, K. P. (1999). Hedging with mismatched currencies. Journal of Futures Markets (forthcoming).
7. _, WAHL, J. E. and ZILCHA, I. (1995). Indirect hedging of exchange rate risk. Journal of International Money and Finance, 14, 667-78.
8. CARSE, E., WILLIAMSON, J. and WOOD, G. (1980). The Financing Procedures of British Foreign Trade. Cambridge: Cambridge University Press.
9. CHAMBERS, R. G. and QUIGGIN, J. (1997). Separation and hedging results with state-contingent production. Economica, 64, 187-209.
10. DANTHINE, J.-P. (1978). Information, futures prices, and stabilizing speculation. Journal of Economic Theory, 19, 79-98.
11. DONNENFELD, S. and ZILCHA, I. (1991). Pricing of exports and exchange rate uncertainty. International Economic Review, 32, 1009-22.
12. EAKER, M. R. and GRANT, D. M. (1987). Cross-hedging foreign currency risk. Journal of International Money and Finance, 6, 85-105.
13. EITEMAN, D. K., STONEHILL, A. I. and MOFFETT, M. H. (1998). Multinational Business Finance. Reading, Mass.: Addison-Wesley.
14. FROOT, K. A., SCHARFSTEIN, D. S. and STEIN, J. C. (1993). Risk management: coordinating corporate investment and financing policies. Journal of Finance, 48, 1629-58.
15. GRASSMAN, S. (1973). A fundamental symmetry in international payment patterns. Journal of International Economics, 3, 105-16.
16. _ (1976). Currency distribution and forward cover in foreign trade: Sweden revisited, 1973. Journal of International Economics, 6, 215-21.
17. HOLTHAUSEN, D. M. (1979). Hedging and the competitive firm under price uncertainty. American Economic Review, 69, 989-95.
18. INGERSOLL, J. E. Jr. (1987). Theory of Financial Decision Making. Totowa, NJ: Rowman & Littlefield.
19. JACQUE, L. L. (1996). Management and Control of Foreign Exchange Risk. Boston: Kluwer Academic.
20. KATZ, E. and PAROUSH, J. (1979). The effect of forward markets on exporting firms. Economics Letters, 4, 272-4.
21. KAWAI, M. and ZILCHA, I. (1986). International trade with forward-futures markets under exchange rate and price uncertainty. Journal of International Economics, 20, 83-98,
22. MAGEE, P. S. (1974). US import prices in the currency-contract period. Brookings Papers on Economic Activity, 1, 117-68.
23. MENON, J. (1995). Exchange rate pass-through. Journal of Economic Surveys, 9, 197-231.
24. PAGE, S. A. B. (1977). Currency of invoicing in merchandise trade. National Institute Economic Review, 81, 77-81.
25. POWERS, M. J. and CASTELLINO, M. G. (1991). Inside the Financial Futures Markets, 3rd edn. New York: John Wiley.
26. RAWLS, S. W. and SMITHSON, C. W. (1990). Strategic risk management. Journal of Applied Corporate Finance, 1, 6-18.
27. SERCU, P. and UPPAL, R. (1995). International Financial Markets and the Firm. Cincinnati: Southwestern College.
28. VAN NIEUWKERK, M. (1979). The covering of exchange risks in the Netherlands' foreign trade: a note. Journal of International Economics, 9, 89-93.
29. VIAENE, J.-M. and ZILCHA, I. (1998). The behavior of competitive exporting firms under multiple uncertainty. International Economic Review, 39, 591-609.