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Microeconomic Risk Management and Macroeconomic Stability
Andreas Rothig
€ 62.95
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Description for Microeconomic Risk Management and Macroeconomic Stability
paperback. This book is concerned with the impact of diverse hedging policies on macroeconomic stability. It addresses this issue by employing theoretical as well as empirical methods. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 160 pages, 44 black & white illustrations, 5 colour illustrations, 21 black & white tables, biograph. BIC Classification: KCB. Category: (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 8. Weight in Grams: 520.
“The essence of a hedging contract is a coincident purchase and sale in two markets which are expected to behave in such a way that any loss realized in one will be offset by an equivalent gain in the other. If such behavior follows a perfect hedge has been effected. ” Hardy and Lyon (1923, p. 276). 1. 1 LiteratureReviewandMotivation In the traditional hedging literature, the two markets in which hedgers trade are spot and futures markets. The trader’s position in the spot market is generally considered as given. According to Johnson (1960), hedging can be meaningfully de?ned only if ... Read more
“The essence of a hedging contract is a coincident purchase and sale in two markets which are expected to behave in such a way that any loss realized in one will be offset by an equivalent gain in the other. If such behavior follows a perfect hedge has been effected. ” Hardy and Lyon (1923, p. 276). 1. 1 LiteratureReviewandMotivation In the traditional hedging literature, the two markets in which hedgers trade are spot and futures markets. The trader’s position in the spot market is generally considered as given. According to Johnson (1960), hedging can be meaningfully de?ned only if ... Read more
Product Details
Format
Paperback
Publication date
2009
Publisher
Springer Germany
Number of pages
160
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
144
Place of Publication
Berlin, Germany
ISBN
9783642015649
SKU
V9783642015649
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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