Models of Futures Markets

Models of Futures Markets

by Barry Goss
     
 

ISBN-10: 0415182549

ISBN-13: 9780415182546

Pub. Date: 08/28/2000

Publisher: Taylor & Francis

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

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Overview

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.

Product Details

ISBN-13:
9780415182546
Publisher:
Taylor & Francis
Publication date:
08/28/2000
Series:
Routledge Studies in the Modern World Economy Series, #18
Pages:
186
Product dimensions:
5.60(w) x 8.60(h) x 0.80(d)

Table of Contents

List of figures
List of tables
List of contributors
Brief description of this book
1Introduction: welfare, rationality and integrity in futures markets1
2The gains from futures trading15
3The development of commodity futures exchanges in Kazakhstan and China: evidence on their role in market development42
4A simultaneous model of the US dollar/Deutschmark spot and futures markets61
5Noise trader sentiment in futures markets86
6Microanalytics of price volatility in futures markets117
7The integrity of futures markets: the impact of price limits on futures prices135
Index168

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