This volume presents an analysis of the economics of futures markets that should be of interest to both specialists in the area and the generalist economist. Through a combination of theoretical investigation and empirical application, three themes are explored: the gains from futures trading and the efforts of emerging markets to reap these benefits; rationality and rival hypotheses of trader behaviour, such as noise trading; and the effect of regulatory tools on price formation. The contributors to the volume bring a wide expertise to bare in an analysis covering topics as significant and...
This volume presents an analysis of the economics of futures markets that should be of interest to both specialists in the area and the generalist eco...
First published in 1972, this book provides an important critical review on the theory of futures trading. B. A. Goss looks at the work and ideas of Keynes and Hicks on futures, and considers how these have also been developed by Kaldor. He discusses the evolution of the concept of hedging in the context of buying forward into the markets, and considers theories of market and individual equilibrium. Goss draws on the work of other economists in this field, including Stein, Telser, Peston and L. L. Johnson, in order to illustrate the development of theory in futures trading. The book includes...
First published in 1972, this book provides an important critical review on the theory of futures trading. B. A. Goss looks at the work and ideas of K...
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...
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,...
This volume presents an entirely new analysis of the economics of futures markets, that will be of interest to both specialists in the area and the generalist economist seeking a new perspective. Through a combination of theoretical investigation and empirical application, three important themes are explored: the gains from futures trading and the efforts of emerging markets to reap these benefits; rationality and rival hypotheses of trader behaviour, such as noise trading; and the effect of regulatory tools on price formation.
This volume presents an entirely new analysis of the economics of futures markets, that will be of interest to both specialists in the area and the ge...
