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Differences between futures and forward prices: A further investigation of the marking-to-market effects

✍ Scribed by Hun Y. Park; Andrew H. Chen

Publisher: John Wiley and Sons
Year: 1985
Tongue: English
Weight: 630 KB
Volume: 5
Category: Article
ISSN: 0270-7314
DOI: 10.1002/fut.3990050108

No coin nor oath required. For personal study only.

✦ Synopsis

However, several previous studies have focused on market imperfections (transactions costs, taxes) or market inefficiency 10 explain the differences between futures and forward prices. See Capozza and Cornell (1979), B n g and Rasche (1978), Burger, Lang, and Rasche (1977), and Kane (1980) for market imperfections, and Rendleman and Carabini (1979) for market inefficiency.

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