The Structured Hedging of Financial Value: With Applications to Foreign Exchange Risk Management

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Title

The Structured Hedging of Financial Value: With Applications to Foreign Exchange Risk Management

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Description

The objective of the thesis is to develop a structured financial hedging framework that is empirically implementable and consistent with a corporate finance perspective. Value at risk provides a suitable framework for this purpose. The aversion implied in the value at risk and its generalised theory arises from a firm's concerns about contingent financial distress costs, which can be considered as the payoff of a put option written by stockholders of firms in favour of third parties. This ena...

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Date created

10 Nov, 2021

Creator

Zhu, Zhenghong (Jennifer)

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https://figshare.com/articles/thesis/The_Structured_Hedging_of_Financial_Value_With_Applications_...

Related subjects

Dairy industry / Econometric models / School: School of Economics and Finance / 149999 Economics not elsewhere classified / Marsden: 340401 Economic Models and Forecasting / Marsden: 350300 Banking, Finance and Investment / Degree Discipline: Economics / Degree Level: Masters / Degree Name: Master of Commerce and Administration / Economics not elsewhere classified

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