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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.


Rational Expectations and Efficiency in Futures Markets

Rational Expectations and Efficiency in Futures Markets
Author: B. A. Goss
Publisher: Psychology Press
Total Pages: 237
Release: 1992
Genre: Business & Economics
ISBN: 9780415023436

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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.


Swing Pricing and Fragility in Open-end Mutual Funds

Swing Pricing and Fragility in Open-end Mutual Funds
Author: Dunhong Jin
Publisher: International Monetary Fund
Total Pages: 46
Release: 2019-11-01
Genre: Business & Economics
ISBN: 1513519492

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How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds’ net asset values to pass on funds’ trading costs to transacting shareholders. Using unique data on investor transactions in U.K. corporate bond funds, we show that swing pricing eliminates the first-mover advantage arising from the traditional pricing rule and significantly reduces redemptions during stress periods. The positive impact of alternative pricing rules on fund flows reverses in calm periods when costs associated with higher tracking error dominate the pricing effect.


Bulletin

Bulletin
Author:
Publisher:
Total Pages: 584
Release: 1990
Genre: Australia
ISBN:

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Models of Futures Markets

Models of Futures Markets
Author: Barry Goss
Publisher: Routledge
Total Pages: 190
Release: 2013-05-13
Genre: Business & Economics
ISBN: 1135639434

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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.


Fundamentals of Investing

Fundamentals of Investing
Author: Lawrence J Gitman
Publisher: Pearson Higher Education AU
Total Pages: 620
Release: 2015-05-20
Genre: Business & Economics
ISBN: 1442551658

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“What are the best investments for me?”... “What about risk?”... “Do I need professional help with my investments and can I afford it?” Mastering the language, concepts, vehicles and strategies of investing can be challenging. Fundamentals of Investing shows how to make informed investment decisions, understand the risks inherent in investing and how to confidently shape a sound investment strategy. Fundamentals of Investing 3rd edition is completely updated and introduces core concepts and tools used by Australian investors, providing a firm understanding of the fundamental principles of investments. Focusing on both individual securities and portfolios, students learn how to develop, implement and monitor investment goals after considering the risk and return of both markets and investment vehicles. Fundamentals of Investing is suitable for introductory investments courses offered at university undergraduate or post-graduate level, as well as colleges, professional certification programs and continuing education courses.


Asset Price Bubbles

Asset Price Bubbles
Author: William Curt Hunter
Publisher: MIT Press
Total Pages: 650
Release: 2005
Genre: Business & Economics
ISBN: 9780262582537

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A study of asset price bubbles and the implications for preventing financial instability.