The Industrial Organization of Futures Markets PDF Download
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Author: Ronald W. Anderson
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
Author: Ronald W. Anderson
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
Author: Columbia University. Graduate School of Business. Center for Futures Market Studies
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Andrew W. Lo
Publisher: University of Chicago Press
ISBN: 0226488497
Category : Business & Economics
Languages : en
Pages : 390
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Book Description
The regulation of financial markets has for years been the domain of lawyers, legislators, and lobbyists. In this unique volume, experts in industrial organization, finance, and law, as well as members of regulatory agencies and the securities industry, examine the securities industry from an economic viewpoint. Ten original essays address topics including electronic trading and the "virtual"stock exchange; trading costs and liquidity on the London and Tokyo Stock Exchanges and in the German and Japanese government bond markets; international coordination among regulatory agencies; and the impact of changing margin requirements on stock prices, volatility, and liquidity. This clear presentation of groundbreaking research will appeal to economists, lawyers, and legislators who seek a refreshingly new perspective on policy issues in the securities industry.
Author: Franklin R. Edwards
Publisher: Springer Science & Business Media
ISBN: 9400921934
Category : Business & Economics
Languages : en
Pages : 201
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Book Description
Author: L. Phlips
Publisher: Springer Science & Business Media
ISBN: 9401133549
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
Louis Phlips The stabilisation of primary commodity prices, and the related issue of the stabilisation of export earnings of developing countries, have traditionally been studied without reference to the futures markets (that exist or could exist) for these commodities. These futures markets have in turn been s~udied in isolation. The same is true for the new developments on financial markets. Over the last few years, in particular sine the 1985 tin crisis and the October 1987 stock exchange crisis, it has become evident that there are inter actions between commodity, futures, and financial markets and that these inter actions are very important. The more so as trade on futures and financial markets has shown a spectacular increase. This volume brings together a number of recent and unpublished papers on these interactions by leading specialists (and their students). A first set of papers examines how the use of futures markets could help stabilising export earnings of developing countries and how this compares to the rather unsuccessful UNCTAD type interventions via buffer stocks, pegged prices and cartels. A second set of papers faces the fact, largely ignored in the literature, that commodity prices are determined in foreign currencies, with the result that developing countries suffer from the volatility of exchange rates of these currencies (even in cases where commodity prices are relatively stable). Financial markets are thus explicitly linked to futures and commodity markets.
Author: L Phlips
Publisher:
ISBN: 9789401133555
Category :
Languages : en
Pages : 324
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Book Description
Author: B. A. Goss
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
Author: Ronald W. Anderson
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
Author: Thomas Applegate Hieronymus
Publisher:
ISBN:
Category : Commodity exchanges
Languages : en
Pages : 392
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Book Description
Author: Jeffrey Williams
Publisher: CUP Archive
ISBN: 9780521389341
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
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.
