Overview

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.

Full Product Details

Author:   Barry Goss (Monash University, Australia)
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Weight:   0.340kg
ISBN:  

9780415835275

ISBN 10:   0415835275
Pages:   260
Publication Date:   01 September 2014
Audience:   College/higher education ,  General/trade ,  Tertiary & Higher Education ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Acknowledgements; Introduction: Feasibility and the Consequences of Using Information in Futures Markets Barry A. Goss 1. An Institutional Analysis of Futures Contracting Cento G. Veljanovski 2. Experimental Futures Markets Glenn W. Harrison 3. Hedging, Risk and Profits: Notes on Motives for Hedging on Futures Markets Basil Yarney 4. Intertemporal Allocation in the Australian Wool Market Barry A. Goss and David E. A. Giles 5. An Analysis of Investment Horizon and Alternative Risk-return Measures for Commodity Futures Markets Cheng-Few Lee and Raymond M. Leuthold 6. Trading Volume and Price Variability: New Evidence on the Price Effects of Speculation David J.S. Rutledge 7. The Forward Pricing Function of the London Metal Exchange Barry A. Goss 8. An Analysis of Gold Futures Prices in Large and Small Markets C. Rae Weston and Ross McDonnell 9. The Distribution of Returns in Sydney Wool Futures Keven Rainbow and Peter D. Praetz 10. Conjectured Models for Trends in Financial Prices, Tests and Forecasts Stephen J. Taylor; Index

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