Hedging Effectiveness of Malaysian Crude Palm Oil Futures Contracts : The Extended Mean-Gini Framework
The stochastic dominance model has long been proven to exhibit greater theoretical advantage than the Minimum-Variance (MV) approach in futures hedging. This paper aims to demonstrate the superiority of Extended Mean-Gini (EMG) framework which is consistent with the secondorder of stochastic dominan...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2013
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| Online Access: | https://eprints.nottingham.ac.uk/26312/ |