Exchange rate exposure of firms and the demand for foreign exchange derivatives in Brazil: did hedge or speculatiom matter?
This paper examines empirically how the demand of foreign exchange derivatives by Brazilian corporations is related to their exchange rate exposure. With the help of an original database of 74,567 contracts written from 1999 to 2002 between corporations and financial institutions, we were able to id...
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| Hoofdauteur: | |
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| Formaat: | Artigo |
| Taal: | Português |
| Gepubliceerd in: |
Universidade de São Paulo
2012-12-01
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| Reeks: | Economia Aplicada |
| Onderwerpen: | |
| Online toegang: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1413-80502012000400004 |
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