Macro-Hedging for Commodity Exporters
收藏NBER2009-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15452
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资源简介：
This paper uses a dynamic optimization model to estimate the welfare gains of hedging against commodity price risk for commodity-exporting countries. We show that the introduction of hedging instruments such as futures and options enhances domestic welfare through two channels. First, by reducing
提供机构：
美国国家经济研究局
创建时间：
2009-10-01
