Grain Futures Contracts: An Economic Appraisal / Edition 1

Grain Futures Contracts: An Economic Appraisal / Edition 1

by Stephen Pirrong, David Haddock, Roger C. Kormendi
     
 

ISBN-10: 0792393279

ISBN-13: 9780792393276

Pub. Date: 03/05/1999

Publisher: Springer US

This book is an independent scholarly analysis of the economics of the grain futures contracts of the Chicago Board of Trade (CBT), special attention being paid to the recent performance and future prospects of a crucial aspect of grain futures contracts - the delivery process. Delivery links futures and spots markets, and is essential to the efficient performance of…  See more details below

Overview

This book is an independent scholarly analysis of the economics of the grain futures contracts of the Chicago Board of Trade (CBT), special attention being paid to the recent performance and future prospects of a crucial aspect of grain futures contracts - the delivery process. Delivery links futures and spots markets, and is essential to the efficient performance of a grain futures contract. Both hedging effectiveness and the 'informativeness' of futures prices depend upon this linkage.

Product Details

ISBN-13:
9780792393276
Publisher:
Springer US
Publication date:
03/05/1999
Edition description:
1993
Pages:
184
Product dimensions:
5.98(w) x 9.02(h) x 0.24(d)

Table of Contents

Foreword. The Grain Futures Delivery Process: An overview. 1. The Economic Function of Futures Trading. 2. The Role of the Futures Delivery Process. 3. Futures Contracts as a Merchandising Tool: The Role of Delivery as a Means of Ownership Transfer. 4. Maintaining the Integrity of Grain Futures Contracts: The Economics of Manipulation and its Prevention. 5. The Economic Effect of Potential Grain Futures Contract Redesign. 6. Summary and Conclusions. References. Index.

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