The National Union Catalog, Pre-1956 Imprints PDF Download
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Author:
Publisher:
ISBN:
Category : Union catalogs
Languages : en
Pages : 712
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Author:
Publisher:
ISBN:
Category : Union catalogs
Languages : en
Pages : 712
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 924
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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.
Author: New York (State).
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1776
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Author: New York (State). Legislature. Assembly
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 1844
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Author: Lewis Randolph Hamersly
Publisher:
ISBN:
Category : New York (N.Y.)
Languages : en
Pages : 1416
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Book Description
Containing authentic biographies of New Yorkers who are leaders and representatives in various departments of worthy human achievement including sketches of every army and navy officer born in or appointed from New York and now serving, of all the congressmen from the state, all state senators and judges, and all ambassadors, ministers and consuls appointed from New York.
Author: United States. Congress
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1180
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Author: William Henry Silvernail
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 922
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Author: National Agricultural Library (U.S.)
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 808
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Author: Princeton University. Library
Publisher:
ISBN:
Category : Library catalogs
Languages : en
Pages : 754
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