The Predictive Nature Of Copper Futures Prices And Implications For Marketing Efficiency PDF Download

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Testing Efficiency of the Copper Futures Market

Testing Efficiency of the Copper Futures Market
Author: Dimitris Kenourgios
Publisher:
Total Pages: 18
Release: 2005
Genre:
ISBN:

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This paper investigates the joint hypothesis of market efficiency and unbiasedness of futures prices for the copper futures contract traded on the London Metal Exchange. This contract is of particular importance given the usage and properties of the underlying commodity and its highest share of trading during the last decade, in an exchange which is the centre of the world's trading in copper. The data contain prices from two different copper futures contracts (three and fifteen months maturity) covering the decade of 1990s, a very volatile and turbulent period for the copper market worldwide. Unlike previous studies, it tests for both long-run and short-run efficiency using cointegration and error correction model. Our results show that the market is not efficient and do not provide unbiased estimates of future copper spot prices, which has important implications for the users of this market.


Commodity Prices and Markets

Commodity Prices and Markets
Author: Takatoshi Ito
Publisher: University of Chicago Press
Total Pages: 346
Release: 2011-03
Genre: Business & Economics
ISBN: 0226386899

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Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.


Commodity Price Dynamics

Commodity Price Dynamics
Author: Craig Pirrong
Publisher: Cambridge University Press
Total Pages: 238
Release: 2011-10-31
Genre: Business & Economics
ISBN: 1139501976

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Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail. The findings of the analysis are useful to scholars, traders and policy makers who want to better understand often puzzling - and extreme - movements in the prices of commodities from aluminium to oil to soybeans to zinc.


The Economics of Natural Gas Storage

The Economics of Natural Gas Storage
Author: Anna Cretì
Publisher: Springer Science & Business Media
Total Pages: 123
Release: 2009-04-05
Genre: Business & Economics
ISBN: 3540794077

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I remember that the idea of this book emerged ?rst in Toulouse, during the Third Conference on Energy Markets – 3 years ago now. Anna Cret` ? gave a talk on a model dealing with seasonal gas storage in the USA, and Christian Von Hirschausen was her discussant. Both of them were devoting their efforts to understand the natural gas market in Europe and the relevant liberalization process. I found their interest in storage rather original, so I encouraged Anna to collect the most original cont- butions on this topic. Back in Milan with this idea in mind, she organized a working group at IEFE- Bocconi University, where she works. Then, during the following year, she - changed ideas and organized several meetings with the book’s contributors. She regularly invited the most important Italian gas sector representatives to these me- ings, to make sure that the economic models were well suited to tackle the issues at stake in the European gas industry.


The Review of Futures Markets

The Review of Futures Markets
Author:
Publisher:
Total Pages: 514
Release: 1989
Genre: Commodity exchanges
ISBN:

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Review of Research in Futures Markets

Review of Research in Futures Markets
Author:
Publisher:
Total Pages: 522
Release: 1989
Genre: Commodity exchanges
ISBN:

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Consists of the proceedings of seminars on futures markets held by the Chicago Board of Trade.


SEC Docket

SEC Docket
Author: United States. Securities and Exchange Commission
Publisher:
Total Pages: 888
Release: 2013
Genre: Securities
ISBN:

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