... power of currency options in India and has strong practical implications for market practitioners. Efficient currency option markets can serve as effective vehicles both for hedging and speculation and can convey useful information to the regulators regarding the market participants’ expectations...

...Ahmed El‐Masry; Raimond Maurer; Shohreh Valiani Purpose This study seeks to examine the effectiveness of controlling the currency risk for international diversified mixed‐asset portfolios via two different hedge instruments, currency forwards and currency options. So far, currency forward has been...

...-to-book-value ratio or the ratio of R&D expenditures to sales to represent expected growth. They found that these variables had a significant positive influence on the use of derivatives. 74 © MCB UP Limited 2002 Hedging Interest rates Currency options ...