More specifically, futures prices may influence storage and inventory decisions and may exact an important influence on production decisions. This is their price discovery function. Futures markets are seen as an efficient collector, processor, and disseminator of information. 'The large number of
Rise and Fall of the First Financial Futures Market in China: The Case of Chinese Government Bond Futures
โ Scribed by Chao Chen; Zhong-guo Zhou
- Book ID
- 111390673
- Publisher
- John Wiley and Sons
- Year
- 2009
- Tongue
- English
- Weight
- 147 KB
- Volume
- 17
- Category
- Article
- ISSN
- 1671-2234
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
The authors gratefully acknowledge the assistance of Dr. Jim Wook Choi of the Chicago Board of Trade and the helpful comments provided by Franklin Edwards, the editorial staff and the anonymous referees of the Journal. Iln light of the October 19, 1987 market "crash," this argument is also shared b
Problems associated with pricing tests of index futures include the general inability to trade the underlying index as an individual security, thin trading in the constituent stocks of the index, and the inability to adjust for all dividend payments in the underlying index. These problems are discus