title: Cutting the hedge: Exporters' dynamic currency hedging behaviour

authors: Fabling, Richard

subjects: selective currency hedging

abstract: We use a dataset that includes all New Zealand merchandise export transactions to analyse exporters' dynamic currency hedging behaviour. We focus on whether exporters change their hedging behaviour (“selectively hedge”) when the exchange rate and/or forward points depart from historical norms. We find that hedging ratios for exporters' Australian dollar exposures vary systematically as the exchange rate departs from historical averages; this behaviour is more marked for larger relative to smaller exporters. Consistent with efficient markets theory, there is no evidence that selective hedging is a profitable strategy for exporters.

text: Cutting the hedge: Exporters' dynamic currency hedging behaviour We use a dataset that includes all New Zealand merchandise export transactions to analyse exporters' dynamic currency hedging behaviour. We focus on whether exporters change their hedging behaviour (“selectively hedge”) when the exchange rate and/or forward points depart from historical norms. We find that hedging ratios for exporters' Australian dollar exposures vary systematically as the exchange rate departs from historical averages; this behaviour is more marked for larger relative to smaller exporters. Consistent with efficient markets theory, there is no evidence that selective hedging is a profitable strategy for exporters.

year: 2010

title: Kainui silt loam: how the lepard changed its spots

authors: Lowe, David J.

subjects: Hamilton

abstract: The Kainui silt loam occurs on low rolling hills in the northern part of the Hamilton Basin, and is well expressed in Hamilton City.

text: Kainui silt loam: how the lepard changed its spots The Kainui silt loam occurs on low rolling hills in the northern part of the Hamilton Basin, and is well expressed in Hamilton City.

year: 1991

title: Māori & Psychology Research Unit Annual Report 2012

authors: Waitoki, Waikaremoana

abstract: Annual report of the Māori and Psychology Research Unit (MPRU) 2012. The unit was established in August of 1997. The unit is designed to provide a catalyst and support network for enhancing research concerning the psychological needs, aspirations, and priorities of Maori people. The MPRU is well situated to draw together skilled and experienced interdisciplinary research groups by networking and establishing working relationships with staff and students within the Faculty of Arts and Social Sciences, the University, and the wider community.

text: Māori & Psychology Research Unit Annual Report 2012 Annual report of the Māori and Psychology Research Unit (MPRU) 2012. The unit was established in August of 1997. The unit is designed to provide a catalyst and support network for enhancing research concerning the psychological needs, aspirations, and priorities of Maori people. The MPRU is well situated to draw together skilled and experienced interdisciplinary research groups by networking and establishing working relationships with staff and students within the Faculty of Arts and Social Sciences, the University, and the wider community.

year: 2012