BENADA, Luděk and Dagmar LINNERTOVÁ. Hedging of Natural Gas on Selected Markets. In Krajicek, J Nesleha, J Urbanovsky, K. EUROPEAN FINANCIAL SYSTEM 2016: PROCEEDINGS OF THE 13TH INTERNATIONAL SCIENTIFIC CONFERENCE. BRNO: MASARYKOVA UNIV, 2016, p. 15-20. ISBN 978-80-210-8308-0.
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Basic information
Original name Hedging of Natural Gas on Selected Markets
Authors BENADA, Luděk (203 Czech Republic, guarantor, belonging to the institution) and Dagmar LINNERTOVÁ (203 Czech Republic, belonging to the institution).
Edition BRNO, EUROPEAN FINANCIAL SYSTEM 2016: PROCEEDINGS OF THE 13TH INTERNATIONAL SCIENTIFIC CONFERENCE, p. 15-20, 6 pp. 2016.
Publisher MASARYKOVA UNIV
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50206 Finance
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
RIV identification code RIV/00216224:14560/16:00091635
Organization unit Faculty of Economics and Administration
ISBN 978-80-210-8308-0
UT WoS 000385692200001
Keywords in English hedging; hedge ratio; spot; futures; forward
Tags Reviewed
Changed by Changed by: Mgr. Daniela Marcollová, učo 111148. Changed: 23/4/2019 10:35.
Abstract
The following study focuses on one of the key primary energy commodities in the modern society. Two independent and different regional markets for natural gas are compared from the hedging point of view. The market of considered commodity is unique in its characteristics. In the paper will be examined the possibility of price risk hedging on two different markets with distinct level of market maturity and characteristics. One of markets is represented by the system of endogenous price mechanism while the other one is based on price indexed mechanism. The analysis will be carried out on US and European market of natural gas. In both cases, the methodology will be focused the short hedge position.
Links
MUNI/A/1025/2015, interní kód MUName: Hrozby a výzvy prostředí přetrvávajících nízkých úrokových sazeb pro vývoj a stabilitu finančního systému (Acronym: FinStabilita)
Investor: Masaryk University, Category A
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