✦ LIBER ✦

Do futures prices for commodities embody risk premiums?

✍ Scribed by Richard Deaves; Itzhak Krinsky

Publisher: John Wiley and Sons
Year: 1995
Tongue: English
Weight: 608 KB
Volume: 15
Category: Article
ISSN: 0270-7314
DOI: 10.1002/fut.3990150604

No coin nor oath required. For personal study only.

✦ Synopsis

The authors acknowledge the helpful comments of two anonymous referees and the very capable research assistance of Kevin Brewer.

'From here on, the term backwardation is used in place of the more cumbersome normal backwardation. It should be noted that backwardation sometimes refers to the situation where futures prices at a given moment are below the corresponding curreMt cash price-a sense not intended here. See . w Richard Deaves and ltzhak Krimky are Associate Professor and Professor of Finance at the Michael G . DeGroote School of Business, McMaster University.

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