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Missing risk sharing markets and the benefits of cross-hedging in developing countries

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  • Broll, Udo
  • Wahl, Jack E.

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  • Broll, Udo & Wahl, Jack E., 1998. "Missing risk sharing markets and the benefits of cross-hedging in developing countries," Journal of Development Economics, Elsevier, vol. 55(1), pages 43-56, February.
    • Handle: RePEc:eee:deveco:v:55:y:1998:i:1:p:43-56
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    References listed on IDEAS

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    1. Myers, Robert J, 1992. "Incomplete Markets and Commodity-Linked Finance in Developing Countries," The World Bank Research Observer, World Bank, vol. 7(1), pages 79-94, January.
    2. Eaker, Mark R. & Grant, Dwight M., 1987. "Cross-hedging foreign currency risk," Journal of International Money and Finance, Elsevier, vol. 6(1), pages 85-105, March.
    3. Tomislav Vukina & James L. Anderson, 1993. "A State-Space Forecasting Approach to Optimal Intertemporal Cross-Hedging," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(2), pages 416-424.
    4. Powell, Andrew, 1989. "The Management of Risk in Developing Country Finance," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 5(4), pages 69-87, Winter.
    5. Broll, Udo & Wahl, Jack E. & Zilcha, Itzhak, 1995. "Indirect hedging of exchange rate risk," Journal of International Money and Finance, Elsevier, vol. 14(5), pages 667-678, October.
    6. Lence, Sergio H., 1995. "On the optimal hedge under unbiased futures prices," Economics Letters, Elsevier, vol. 47(3-4), pages 385-388, March.
    7. Grobar, Lisa Morris, 1993. "The effect of real exchange rate uncertainty on LDC manufactured exports," Journal of Development Economics, Elsevier, vol. 41(2), pages 367-376, August.
    8. Edwards, Sebastian, 1989. "Exchange Rate Misalignment in Developing Countries," The World Bank Research Observer, World Bank, vol. 4(1), pages 3-21, January.
    9. Fitzgerald, Bruce & Monson, Terry, 1989. "Preferential Credit and Insurance as Means to Promote Exports," The World Bank Research Observer, World Bank, vol. 4(1), pages 89-114, January.
    10. Kihlstrom, Richard E & Romer, David & Williams, Steve, 1981. "Risk Aversion with Random Initial Wealth," Econometrica, Econometric Society, vol. 49(4), pages 911-920, June.
    11. Donald R. Lessard, 1995. "Financial Risk Management For Developing Countries: A Policy Overview," Journal of Applied Corporate Finance, Morgan Stanley, vol. 8(3), pages 4-18, September.
    12. Kawai, Masahiro & Zilcha, Itzhak, 1986. "International trade with forward-futures markets under exchange rate and price uncertainty," Journal of International Economics, Elsevier, vol. 20(1-2), pages 83-98, February.
    13. Timothy Besley, 1995. "Nonmarket Institutions for Credit and Risk Sharing in Low-Income Countries," Journal of Economic Perspectives, American Economic Association, vol. 9(3), pages 115-127, Summer.
    14. Benninga, Simon & Eldor, Rafael & Zilcha, Itzhak, 1985. "Optimal international hedging in commodity and currency forward markets," Journal of International Money and Finance, Elsevier, vol. 4(4), pages 537-552, December.
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    1. repec:bla:rdevec:v:5:y:2001:i:3:p:355-62 is not listed on IDEAS
    2. Broll, Udo & Mallick, Rajiv & Wong, Kit Pong, 2001. "International trade and hedging in economies in transition," Economic Systems, Elsevier, vol. 25(2), pages 149-159, June.
    3. Moosa Imad, 2011. "Risk Transfer Arrangements as a Hedging Device with Evidence from the Kuwaiti Dinar-British Pound Market," Review of Middle East Economics and Finance, De Gruyter, vol. 7(2), pages 1-18, September.

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