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Andreas Röthig, "Microeconomic Risk Management and Macroeconomic Stability"

Springer | 2009 | ISBN: 3642015646 | 165 pages | PDF | 2,3 MB

While the determinants of firms’ optimal hedging strategies on the micro level are well understood, there is rarely any literature dealing with macroeconomic consequences of microeconomic risk management. This book is concerned with the impact of diverse hedging policies on macroeconomic stability. It addresses this issue by employing theoretical as well as empirical methods.