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Efficiency in Commodity Futures Markets

Efficiency in Commodity Futures Markets
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 40
Release: 1989-12-29
Genre: Business & Economics
ISBN: 1451946961

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The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.


Rational Expectations and Efficiency in Futures Markets

Rational Expectations and Efficiency in Futures Markets
Author: Barry Goss
Publisher: Routledge
Total Pages: 252
Release: 2005-10-09
Genre: Business & Economics
ISBN: 113497521X

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Do traders in futures markets make use of all relevant information and is this reflected in prices? This collection of original essays by a team of international economists considers these and other questions central to futures markets.


Efficiency in Commodity Futures Markets

Efficiency in Commodity Futures Markets
Author: Graciela Kaminsky
Publisher:
Total Pages: 37
Release: 2006
Genre:
ISBN:

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This paper undertakes an econometric investigation into the efficiency of commodity futures markets. Despite a considerable amount of empirical literature, there is no general consensus on whether or not the markets are efficient. The results of this study suggest that for certain commodities expected excess returns to futures speculation are non-zero, however, it is argued that these results do not necessarily imply that markets are inefficient, or that agents do not act rationally. The implications of the study for the cost of using the futures markets for hedging, and for the power of futures prices to forecast future spot prices, are also noted.


Commodities

Commodities
Author: H. Kent Baker
Publisher: Oxford University Press
Total Pages: 681
Release: 2018-03-06
Genre: Business & Economics
ISBN: 0190656026

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Commodities: Markets, Performance, and Strategies provides a comprehensive view of commodity markets by describing and analyzing historical commodity performance, vehicles for investing in commodities, portfolio strategies, and current topics. It begins with the basics of commodity markets and various investment vehicles. The book then highlights the unique risk and return profiles of commodity investments, along with the dangers from mismanaged risk practices. The book also provides important insights into recent developments, including high frequency trading, financialization, and the emergence of virtual currencies as commodities. Readers of Commodities: Markets, Performance, and Strategies can gain an in-depth understanding about the multiple dimensions of commodity investing from experts from around the world. Commodity markets can be accessed with products that create unique risk and return dynamics for investors worldwide. The authors provide insights in a range of areas, from the economics of supply and demand for individual physical commodities through the financial products used to gain exposure to commodities. The book balances useful practical advice on commodity exposure while exposing the reader to various pitfalls inherent in these markets. Readers interested in a basic understanding will benefit as will those looking for more in-depth presentations of specific areas within commodity markets. Overall, Commodities: Markets, Performance, and Strategies provides a fresh look at the myriad dimensions of investing in these globally important markets.


Futures Markets (Routledge Revivals)

Futures Markets (Routledge Revivals)
Author: Barry Goss
Publisher: Routledge
Total Pages: 227
Release: 2013-05-02
Genre: Business & Economics
ISBN: 1135047502

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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.


Commodity Futures Price Changes

Commodity Futures Price Changes
Author: Michael A. Hudson
Publisher:
Total Pages: 40
Release: 1986
Genre: Commodity exchanges
ISBN:

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