What are the differences between a microhedge and a macro- hedge for an FI? Why is it

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What are the differences between a microhedge and a macro- hedge for an FI? Why is it generally more efficient for Fls to employ a macrohedge than a series of microhedges? (LG 23-3)

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Financial Markets And Institutions

ISBN: 9780078034664

5th Edition

Authors: Anthony Saunders, Marcia Cornett

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