Determinants Of FX-Risk Management Evidence Of Hungary
نویسندگان
چکیده
This paper investigates the motives of FX-risk management based on the changes of forward open positions of Hungarian corporations. We have found that Hungarian companies are significantly more exposed in short EUR forward position, than in EUR long one. Our linear regression model also showed that changing market conditions have an essentially higher impact on the EUR short positions. Our results confirmed that expectations are determining in the risk hedging decisions proving that financial risk management also has a speculative motive.
منابع مشابه
Inevitability of Losing Most Traders in the Foreign Exchange Market: New Evidence
The foreign exchange market (FX market) accounts for 40% of the total volume of the worldâs e-commerce by its own. Based on statistics, sometimes up to 90 per cent of the traders lose their total capital in this market just within six months to one year and leave this market. The probability of loss in the FX market can be estimated by probability theory. The present paper intends to demonst...
متن کاملInternational Patients on Operation Vacation – Perspectives of Patients Travelling to Hungary for Orthopaedic Treatments
Background The importance of cross-border healthcare, medical and health tourism plays a significant role in the European health policy and health management. After dentistry, orthopaedic treatments are the leading motivation for seeking care in Hungary, as patients with rheumatic and motion diseases are drawn to the thermal spas and well-established orthopaedic centres. This paper aims to gain...
متن کاملSome Determinants of Corporate Financing Decisions: Evidence from the Listed Companies in Tehran Stock Exchange
The aim of this empirical study is to explore the trade-off model and pecking order model of capital structure. The investigation is performed using panel data procedures for a sample of 76 firms listed in Tehran Stock Exchange during 2007-2010.The study employs OLS regression model in examining the capital structure of firms in Iran. The study employs variables reflecting differing theoretical...
متن کاملForeign currency lending in emerging Europe: bank-level evidence
Based on survey data from 193 banks in 20 countries we provide the first bank-level analysis of the determinants of foreign currency (FX) lending in emerging Europe. We find that FX lending by all banks, regardless of their ownership structure, is strongly determined by the macroeconomic environment. We find no evidence of foreign banks ‘pushing’ FX loans indiscriminately because of easier acce...
متن کاملDeterminants of Healthcare Expenditure in Economic Cooperation Organization (ECO) Countries: Evidence from Panel Cointegration Tests
Background Over the last decade there has been an increase in healthcare expenditures while at the same time the inequity in distribution of resources has grown. These two issues have urged the researchers to review the determinants of healthcare expenditures. In this study, we surveyed the determinants of health expenditures in Economic Cooperation Organization (ECO) countries. Methods We us...
متن کامل