Models of Futures Markets

Models of Futures Markets

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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 more

Product details

  • Paperback | 186 pages
  • 138 x 216mm | 349g
  • Taylor & Francis Ltd
  • London, United Kingdom
  • English
  • 25 black & white tables
  • 1138976253
  • 9781138976252

Review quote

'Extremely interesting and helpful for all those who are engaged or interested in this field ... the authors make insightful contributions and also open up questions for further research.' - Weltwirtschaftliches Archiv Review of World Economicsshow more

Table of contents

Editor's Introduction: Welfare, Rationality and Integrity in Futures Markets Barry A. Goss 1. The Benefits of Futures Trading Derek Francis2. The Development of Commodity Future Exchanges in Kazakhstan and China: Evidence on their Role in Market Development Anne E. Peck 3. A Simultaneous Model of the US Dollar/Deutschmark Spot and Futures Markets Barry A Gossy and Gulay Avsar4. Noise Trader Sentiment in Futures Markets Dwight Sanders, Scott H Irwin and Raymond M Leuthold5. Microanalytics of Price Volatility in Futures Markets A G Malliaris and Jerome L Stein6. The Integrity of Futures Markets: The Impact of Price Limits on Futures Prices Anthony D Hall, Paul Kofman and Anthony Siouclisshow more