动态套期保值是机构投资者利用股指期货或股票与无风险资产创造合成的看跌期权并通过使用合成看跌期权策略寻求保护投资组合价值的策略。
第四章是对基于DC - MSV的动态套期保值模型进行实证，并与三种常用模型进行对比研究。
The fourth chapter takes an empirical study based upon DC-MSV dynamic hedging model, and conducts the contrast research with three commonly used models.
构建一个最优动态汇率风险套期保值理论模型，并将其套期保值效率与静态策略进行实证对比。
Optimal dynamic hedging of exchange rate risk is modeled and the hedging effectiveness of the dynamic and static strategies is compared.
这说明在一般情况下，具有动态特征的计量模型适合于较长的期货合约，其套期保值效果更好。
Explain the futures contracts are longer, the better the effect of hedging estimated from the dynamic econometric models.
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