The simultaneous hedging of price risk, crop yield risk and currency risk

被引：7
|
作者：
Nayak, GN [1 ]
Turvey, CG [1 ]
机构：
[1] Univ Guelph, Dept Agr Econ & Business, Guelph, ON, Canada
来源：
CANADIAN JOURNAL OF AGRICULTURAL ECONOMICS-REVUE CANADIENNE D AGROECONOMIE | 2000年 / 48卷 / 02期
关键词：
D O I：
10.1111/j.1744-7976.2000.tb00270.x
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
This study analyzes the joint hedging decision of a Canadian firm in U S. based price and yield futures. The key results of this study ave that jointly hedging price and yield can reduce more revenue risk than hedging only with price futures. For offshore hedgers, the evidence shows that foreign exchange risk is important and ran be reduced by jointly hedging in the currency futures markets.
引用
收藏
页码：123 / 140
页数：18
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