Cubrir o no Cubrir: ¿Ese es el Dilema?
Rodrigo Alfaro () and
Working Papers Central Bank of Chile from Central Bank of Chile
In this paper we analyze if currency hedging reduces risk. Based on historical data (1997- 2011) and using coherent measures of risk, we found that in equity portfolios it does not imply a reduction on risk. In contrast, for fixed-income portfolios the optimal hedging is 100%. Last finding is also robust to both USD and EUR portfolios
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:662
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