TY - RPRT AU - Nieto, Belén AU - Novales Cinca, Alfonso AU - Rubio, Gonzalo PY - 2011 UR - https://hdl.handle.net/20.500.14352/48981 AB - This paper studies the determinants of the variance risk premium and concludes on the hedging possibilities offered by variance swaps. We start by showing that the variancerisk premium responds to changes in higher order moments of the distribution of... LA - eng A3 - Facultad de CC Económicas y Empresariales. Instituto Complutense de Análisis Económico KW - Variance risk premium KW - Non-normality KW - Economic risks KW - Hedging TI - Why do variance swaps exist? TY - technical report VL - 2011 ER -