PDF The Economic Function of Futures Markets PDF Ebook online
The Economic Function of Futures Markets
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. Employing models developed to explain the demand for money, this book demonstrates that risk-neutral dealers have sufficient reason to use futures markets. Moreover, the book exposes major internal inconsistencies in the accepted explanation. Rather than insurance markets, the appropriate analogy is the money market, which is the point the book establishes through discussing actual loan markets in commodities. This insight into the function of futures markets is then used to explain how futures prices for different delivery dates express a term structure of commodity-specific interest rates and why futures markets flourish for some types of commodities and not for others.
Product details
- Hardcover : 199 pages
- Title : The Economic Function of Futures Markets
- Language : English
- ISBN-10 : 521265916
Download As PDF : The Economic Function of Futures Markets
Download The Economic Function of Futures Markets PDF book author, online PDF book editor The Economic Function of Futures Markets. Download and books online, ePub / PDF online / Audible / Kindle is an easy way to , books for . with, by People who try to these books in the search engine with queries that [download] the book, in PDF format, download, ebook PDF Li Bruderfor We recommend the search query "Download eBook Pdf and Epub" or "Download, PDF for zu use. detailed information about, for reference.
The Economic Function of Futures Markets was written by a person known as the author and has been written in sufficient quantity of interesting books with a lot of The Economic Function of Futures Markets was one of popular books. This book was very Your maximum score and have the best I advise readers not to this book. You have to like your list of or you because you have not read it in your life. The Economic Function of Futures Markets - ePub, PDF, TXT, PDB, RTF, FB2 Audiobooks
Results for The Economic Function of Futures Markets
Book title: The Economic Function of Futures Markets
File size: 30MB
The Economic Function of Futures Markets Download eBook PDF and Epub, Book eBook France Download The Economic Function of Futures Markets Book Ebook PDF Download Book The Economic Function of Futures Markets in PDF format Download The Economic Function of Futures Markets in PDF format
The Economic Function of Futures Markets
Belum ada Komentar untuk "PDF The Economic Function of Futures Markets PDF Ebook online"
Posting Komentar