Microeconomic Risk Management and Macroeconomic Stability; Part I Preliminary Explorations; 1 Introduction; Part II A Micro View: Optimal Risk Management; 2 Backwardation and Optimal Hedging Demand in an Expected Utility Hedging Model; 3 Mean-Variance Versus Minimum-Variance Hedging; Part III A Macro View: Economic Stability; 4 Corporate Risk Management in Balance-Sheet Triggered Currency Crises; 5 Arbitrage Pressure, Positive Feedback Speculation, Selective Hedging, and Economic Stability: An Empirical Analysis and Catastrophe Modelling; 6 Conclusions
Summary
Deals with the impact of diverse hedging policies on macroeconomic stability. This book addresses this issue by employing theoretical as well as empirical methods
Bibliography
Includes bibliographical references (pages 133-144)
