An examination of basis risk due to esti
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James T. Moser; Billy Helms
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Article
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1990
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John Wiley and Sons
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English
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## I. INTRODUCTION edging in futures markets provides a means of shifting the risk of spot price H changes within an economy. Participation in these markets exposes hedgers to the risk of variation in the time pattern of spot and futures prices. Thus hedging programs are described as substituting