Sustainable financial development plays a vital role in new institutional economics and
transaction cost economics. This asserts the important role of interest and exchange rates …

This dissertation evaluates international real estate as an alternative asset for the
institutional investor. Real estate returns in the US and UK were examined in both a mixed …

In this study, we examine the construction of ex ante internationally diversified stock
portfolios under both parameter uncertainty and exchange rate uncertainty. Both passive …

We offer a new approach to evaluating foreign exchange hedging strategies. The approach
is practical since it is couched in terms of business variables such as profits, rates of return …

nal instruments. From this situation emerges the importance of investigating new exchange
rate hedging strategies. Therefore, the objective of this paper is to assess the empirical …

Can firms benefit from borrowing in foreign currency even when they do not have cash flows
in that currency? If exchange rates follow a random walk, a company could minimize …

Simple conditional currency-hedging rules often increase risk-adjusted portfolio returns and
are thus of interest to investors. Several researchers have reported successful application of …

Since the advent of floating exchange rates in 1973 there has been a debate about what is
the best predictor of currency spot rates. The two most prominent candidates have been the …

This dissertation examines the use of portfolio insurance strategies to manage foreign
exchange risk faced by investors domiciled in the United States. The investors manage their …

Since the advent of floating exchange rates in 1973 there has been a debate about what is
the best predictor of currency spot rates. The two most prominent candidates have been the …