Foreign Exchange Derivative
Foreign-denominated debt and foreign currency derivatives: complements or substitutes in hedging foreign currency risk?
William B. Elliott a,*, Stephen P. Huffman b, Stephen D. Makar b
Department of Finance, Oklahoma State University, 224 Business, Stillwater, OK 74078, USA b University of Wisconsin Oshkosh, Oshkosh, WI, USA Received 30 June 2001; accepted 20 April 2002
Abstract Using a unique dataset, this study examines the relationship between foreign-denominated debt
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