Hedging freight in futures markets
Date Issued
December 2019
Author(s)
Advisor
Abstract
This thesis purpose is to analyze the freight hedging effectiveness in futures markets. We estimate the Hedge Ratio by using two different approaches. The first strategy is the naïve constant hedge ratio with the Least Squared regression analysis and the second strategy was the GARCH model, in which we estimate a time-varying hedge ratio
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ΚΑΤΕΡΙΝΑ ΦΛΩΡΟΥ_Abstract.pdf
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