Do commodities make effective hedges for equity investors?
The purpose of this paper is to evaluate whether commodities are effective hedges for equity holders. We employ three different methodologies to calculate time varying hedge ratios. First, we examine time-varying hedge ratios and how much portfolio risk can be reduced relative to a long position in...
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Main Authors: | , , |
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Format: | Default Article |
Published: |
2017
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Online Access: | https://hdl.handle.net/2134/25836 |
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