Hedging Currency Exposures by Multinationals: Things to Consider
For something that is so fundamental to international commerce, it is astounding how much confusion exists about managing currency risk. For
Interest Rate Swaps: Accounting vs. Economics
Although accounting rules undergo virtually ongoing review and adjustment, the genesis of the current framework is Statement of Financial Ac
10 Tenets of Derivatives - Instruments to be Used to Manage Risk
For corporate managers who are astute enough to realize that derivative instruments can be used to manage risks relating to interest rates,
Incorporating Prepayment Risk Considerations When Making Hedging Decisions
This article describes the basic framework for measuring interest rate risk at financial institutions and focuses attention on problems asso
Disciplined Hedging – Controlling Interest Rate Risk in an Uncertain World
Despite the lack of certainty, it would seem that both alternatives of leaving the swap in place or liquidating the swap suffer from the sam
Comparing Eurodollar Strips to Interest Rate Swaps
While interest rate swaps and strips of eurodollar futures can serve as substitutes for each other, use of futures necessarily fosters some