Capital markets, the separation property and hedging
โ Scribed by Udo Broll; Itzhak Zilcha
- Book ID
- 116101594
- Publisher
- Elsevier Science
- Year
- 1994
- Tongue
- English
- Weight
- 246 KB
- Volume
- 44
- Category
- Article
- ISSN
- 0165-1765
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
This is Giannini Foundation Research Paper No. 983. '"Marking-to-market" or "daily resettlement" is the process used by futures exchanges to adjust account balances at the end of each trading day to insure market liquidity. All losses incurred must be met by a cash payment, even if the position rema
ntil very recently, commodity futures markets were largely ignored by the U vast majority of economists. At the same time, markets for foreign currencies were studied by only a relative handful of specialists in international trade and finance. This article describes an area which overlaps the two v