Articoli correlati a Economic Function Futures Markets

Economic Function Futures Markets - Brossura

Williams, Jeffrey C.

 
9780521389341: Economic Function Futures Markets

Sinossi

This book offers an explanation of why commodity processors and dealers use futures markets.

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Descrizione del libro

This book offers an explanation of why commodity processors and dealers use futures markets. It argues that they use futures contracts as part of an implicit method of borrowing and lending commodities, contrary to the accepted view of dealers averse to the fluctuating value of their inventories wanting insurance against price risk.

Contenuti

1. An Introduction to futures markets; 2. Equivalent ways to borrow and lend commodities; 3. Futures markets and risk aversion; 4. The demand to borrow commodities; 5. The contribution of futures markets; 6. The optimal number of futures markets; 7. conclusion: The economic functions of futures markets.

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