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Currency Hedging for International Portfolios

G. Andrew Karolyi

商品編號:9A97N011
出版日期:1997/05/15
再版日期:2002/10/30
商品來源:Ivey
商品主題:Finance; International Business
商品類型:Note
涵蓋議題:Investments;International Finance;Exchange Rates
難易度:4 - Undergraduate/MBA
內容長度:11 頁
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The objective of this note is to identify the key issues, theories and empirical evidence on the management of currency risks in international portfolios. Readers are introduced to the concept of universal hedging developed by Fischer Black, empirical evidence on the performance of different currency hedging strategies and best practices. The note is useful background for the case "Ontario Teachers' Pension Plan Board: Hedging Foreign Currency Exposure", case 997N002.

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