Futures Markets (Routledge Revivals)

Their Establishment and Performance

Barry Goss

• Publisher: Routledge
• Year: 2013
• Print ISBN:
  9780415835268
• eBook ISBN:
  9781135047504
• Topic: Business
• Subtopic: Business General
• Index: Business

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.

Table of contents

• Cover
• Half Title
• Title Page
• Copyright Page
• Original Title Page
• Original Copyright Page
• Table of Contents
• Acknowledgements
• Introduction: Feasibility and the Consequences of Using Information in Futures Markets
• 1. An Institutional Analysis of Futures Contracting
• 2. Experimental Futures Markets
• 3. Hedging, Risk and Profits: Notes on Motives for Hedging on Futures Markets
• 4. Intertemporal Allocation in the Australian Wool Market
• 5. An Analysis of Investment Horizon and Alternative Risk-return Measures for Commodity Futures Markets
• 6. Trading Volume and Price Variability: New Evidence on the Price Effects of Speculation
• 7. The Forward Pricing Function of the London Metal Exchange
• 8. An Analysis of Gold Futures Prices in Large and Small Markets
• 9. The Distribution of Returns in Sydney Wool Futures
• 10. Conjectured Models for Trends in Financial Prices, Tests and Forecasts
• Index