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Zur Vorteilhaftigkeit des Hedgings für Banken
Credit and Capital Markets – Kredit und Kapital, Vol. 34 (2001), Iss. 4 : pp. 579–589
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Jack Wahl, Dortmund
Udo Broll, Saarbrücken
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Abstract
Banking and the Advantage of Hedging
We investigate how a competitive banking firm uses contractual arrangements like a variable rate of deposits to insure against profit risk from investments in risky assets and how the expected utility of the bank manager is affected by such risk management policy. Furthermore, we discuss the advantage of risk policy based on financial hedging in futures markets. We answer the question which of these risk management policies the bank manager will prefer.