Portfolio Management in Economic Crises: An Analysis of Effective Hedging Strategies Using Exchange-Traded Options and Futures for Crisis Management
暫譯: 經濟危機中的投資組合管理：利用交易所交易選擇權和期貨進行危機管理的有效對沖策略分析

Meyer, Stefan

Portfolio Management in Economic Crises: An Analysis of Effective Hedging Strategies Using Exchange-Traded Options and Futures for Crisis Management
  • 出版商: Springer
  • 出版日期: 2026-02-03
  • 售價: $5,660
  • 貴賓價: 9.5 折 $5,377
  • 語言: 英文
  • 頁數: 182
  • 裝訂: Quality Paper - also called trade paper
  • ISBN: 3658503785
  • ISBN-13: 9783658503789
  • 相關分類: Fintech

    • 海外代購書籍(需單獨結帳)

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商品描述

In this book, Stefan Meyer empirically examines standardized futures trading strategies for their suitability in reducing systematic portfolio risk. To this end, he analyzes price, interest rate, and volatility data during the twelve largest financial and economic crises between 1987 and 2022.The findings show that--contrary to the arguments of neoclassical capital market theory--derivatives can, in general, provide tangible benefits in modern portfolio management. These benefits may include lower overall risk and/or higher returns at the end of the period. Overall, the results align more closely with the perspective of behavioral finance, which suggests that derivative financial instruments can help limit risks during crises and facilitate their efficient distribution among multiple market participants.

商品描述(中文翻譯)

在本書中，Stefan Meyer 實證性地檢視標準化的期貨交易策略在降低系統性投資組合風險方面的適用性。為此，他分析了1987年至2022年間十二次最大的金融和經濟危機期間的價格、利率和波動性數據。研究結果顯示，與新古典資本市場理論的論點相反，衍生工具在現代投資組合管理中通常能提供實質的好處。這些好處可能包括整體風險降低和/或期末更高的回報。總體而言，這些結果與行為金融學的觀點更為一致，該觀點認為衍生金融工具可以幫助在危機期間限制風險，並促進其在多個市場參與者之間的有效分配。

作者簡介

Stefan Meyer is a certified and licensed stock exchange trader, Head Trader, and Supervisor at Deutsche Börse AG and Eurex in Frankfurt. He is currently responsible for derivatives trading on futures exchanges worldwide. He earned his Executive Doctorate in Business Administration (EDBA) under the supervision of Prof. Dr. Marco Heimann at the University of Lyon 3 Jean Moulin.

作者簡介(中文翻譯)

斯特凡·梅耶 是一位經過認證和授權的股票交易員，德意志交易所（Deutsche Börse AG）和歐洲期貨交易所（Eurex）在法蘭克福的首席交易員及監督者。他目前負責全球期貨交易所的衍生品交易。他在里昂第三大學（University of Lyon 3 Jean Moulin）在馬爾科·海曼教授（Prof. Dr. Marco Heimann）的指導下獲得了工商管理高級博士學位（Executive Doctorate in Business Administration, EDBA）。

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