Due to the convergence of the futures contract price to the spot price at delivery, it has been hypothesized that a component of the futures price is the expectation of the spot price on the delivery date. The extent to which a futures contract price reflects unbiased expectations of the spot price
The expectation hypothesis of interest rates and network theory: The case of Brazil
β Scribed by Benjamin M. Tabak; Thiago R. Serra; Daniel O. Cajueiro
- Publisher
- Elsevier Science
- Year
- 2009
- Tongue
- English
- Weight
- 968 KB
- Volume
- 388
- Category
- Article
- ISSN
- 0378-4371
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