Efficient markets should guarantee the existence of zero spreads for total return swaps.
However, real estate markets have recorded values that are significantly different from zero …

Purpose–Using Fortune 50 company financial statements data, this paper aims to
investigate the use of interest rate swaps in post‐liquidity crisis. Design/methodology …

Structural models for pricing risky debt imply a negative relationship between interest rates
and credit spreads. In contrast, credit default swap pricing models assume independence …

Bond issuers frequently immunise/hedge their interest rate exposure by means of interest
rate swaps (IRS). The receiving leg matches all bond cash flows, while the pay leg requires …

Rozwojowi rynku finansowego towarzyszył wzrost znaczenia wskaźników referencyjnych
stopy procentowej–są one bazą dla instrumentów pochod! nych1 oraz służą na przykład do …

A strong international logistics operation will require that managers be prepared to function
effectively and efficiently in a global environment. As a result, the international shipping …

The development of financial markets over the past several decades pointed out a very
important role of financial benchmarks, which are used as a reference price for financial …

The purpose of the thesis is to investigate the determinants of currency hedging in the
Finnish markets. The sample consists of 106 non-financial firms listed on Nasdaq Helsinki in …

Interest rate derivatives have become some of the most important derivative instruments,
making up a higher proportion of financial market deals. Although financial markets are …

Der Credit Spread von Unternehmensanleihen lässt sich in Prämien für Kredit-, Spread-und
Liquiditätsrisiken zerlegen. Als risikofreier Referenzzinssatz wird dabei in der …