Why hedge? Extent, nature, and determinants of derivative usage in U.S. municipalities
Using a hand-collected dataset of over 300 observations of large U.S. cities and counties, this paper investigates the extent, nature and determinants of derivatives usage in the municipal sector. Over half of our sample entities engage in derivative transactions and a vast majority of these transac...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2016
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1460 https://ink.library.smu.edu.sg/context/soa_research/article/2459/viewcontent/why_hedge.pdf |
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| Institution: | Singapore Management University |
| Language: | English |