Microeconomic Risk Management and Macroeconomic Stability

While the determinants of firms' optimal hedging strategies on the micro level are well understood, there is rarely any literature dealing with macroeconomic consequences of microeconomic risk management. This book is concerned with the impact of diverse hedging policies on macroeconomic stabil...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Röthig, Andreas (Author)
Corporate Author: SpringerLink (Online service)
Format: Electronic eBook
Language:Inglés
Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2009.
Edition:1st ed. 2009.
Series:Lecture Notes in Economics and Mathematical Systems, 625
Subjects:
Macroeconomics.
International economic relations.
Finance.
Macroeconomics and Monetary Economics.
International Economics.
Financial Economics.
Online Access:Texto Completo
Table of Contents:
  • Preliminary Explorations
  • A Micro View: Optimal Risk Management
  • Backwardation and Optimal Hedging Demand in an Expected Utility Hedging Model
  • Mean-Variance Versus Minimum-Variance Hedging
  • A Macro View: Economic Stability
  • Corporate Risk Management in Balance-Sheet Triggered Currency Crises
  • Arbitrage Pressure, Positive Feedback Speculation, Selective Hedging, and Economic Stability: An Empirical Analysis and Catastrophe Modelling
  • Conclusions.

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