Futures Markets And Efficiency
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Author | : Barry Goss |
Publisher | : Routledge |
Total Pages | : 252 |
Release | : 2005-10-09 |
Genre | : Business & Economics |
ISBN | : 113497521X |
Do traders in futures markets make use of all relevant information and is this reflected in prices? This collection of original essays by a team of international economists considers these and other questions central to futures markets.
Author | : Nicholas Alan Walraven |
Publisher | : |
Total Pages | : 224 |
Release | : 1986 |
Genre | : |
ISBN | : |
Author | : Virginia Grace France |
Publisher | : |
Total Pages | : 264 |
Release | : 1986 |
Genre | : Cattle trade |
ISBN | : |
Author | : R. Hodrick |
Publisher | : Routledge |
Total Pages | : 131 |
Release | : 2014-05-01 |
Genre | : Business & Economics |
ISBN | : 1136455280 |
Robert Hodrick provides a foundation for developing quantitive measures of risk and expected return in international finance.
Author | : United States. Congress. Joint Economic Committee |
Publisher | : |
Total Pages | : 128 |
Release | : 1984 |
Genre | : Commodity exchanges |
ISBN | : |
Author | : Graciela Kaminsky |
Publisher | : |
Total Pages | : 37 |
Release | : 2006 |
Genre | : |
ISBN | : |
This paper undertakes an econometric investigation into the efficiency of commodity futures markets. Despite a considerable amount of empirical literature, there is no general consensus on whether or not the markets are efficient. The results of this study suggest that for certain commodities expected excess returns to futures speculation are non-zero, however, it is argued that these results do not necessarily imply that markets are inefficient, or that agents do not act rationally. The implications of the study for the cost of using the futures markets for hedging, and for the power of futures prices to forecast future spot prices, are also noted.
Author | : Barry Goss |
Publisher | : Routledge |
Total Pages | : 227 |
Release | : 2013-05-02 |
Genre | : Business & Economics |
ISBN | : 1135047502 |
First published in 1986, this book discusses many important aspects of the theory and practice of Futures Markets. It describes how they, at the time, grew to be an increasingly important feature of the world's major financial centres. Indeed, they adopted the role of being efficient forward pricing mechanisms and this was reflected by the interest of economists in the study of risk, uncertainty and information. Here, the contributors focus on areas that were of concern in the late 1980s such as feasibility, forward pricing and returns, and the modelling of price determination in Futures Markets. Evidence is drawn from twenty-five different commodities representing all the major commodity groups; and from all the world's major centres of Futures Trading.
Author | : Robert J. Hodrick |
Publisher | : CRC Press |
Total Pages | : 190 |
Release | : 2023-08-18 |
Genre | : Mathematics |
ISBN | : 1000943380 |
This book presents a critical review of the empirical literature that studies the efficiency of the forward and futures markets for foreign exchange. It provides a useful foundation for research in developing quantitative measures of risk and expected return in international finance.
Author | : Debra Ann Glassman |
Publisher | : |
Total Pages | : 552 |
Release | : 1980 |
Genre | : Commodity exchanges |
ISBN | : |
Author | : Robert J. Hodrick |
Publisher | : |
Total Pages | : 0 |
Release | : 2018 |
Genre | : MATHEMATICS |
ISBN | : 9781003420385 |
This book presents a critical review of the empirical literature that studies the efficiency of the forward and futures markets for foreign exchange. It provides a useful foundation for research in developing quantitative measures of risk and expected return in international finance.