Price Discovery and Risk Transfer in the Crude Oil Futures Market: Some Structural Time Series Evidence
โ Scribed by Imad A. Moosa
- Book ID
- 108557595
- Publisher
- John Wiley and Sons
- Year
- 2002
- Tongue
- English
- Weight
- 162 KB
- Volume
- 31
- Category
- Article
- ISSN
- 0391-5026
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## Abstract In this study, a threeโfactor model of crude oil prices is estimated, which incorporates a timeโvarying market price of risk. The model is able to accurately capture the term structure of futures prices with evidence suggesting that risk premiums in the crude oil market are timeโvarying
opular opinion asserts that South African politics and oil prices are major exoge-P nous forces that move the gold market. Recent political tension in South Africa and its possible fallout in the gold market is of particular concern because South Africa produces a significant share of the world's su