The relationship between Asian equity and commodity futures markets
β Scribed by Thuraisamy, Kannan S.; Sharma, Susan Sunila; Ali Ahmed, Huson Joher
- Book ID
- 121766760
- Publisher
- Elsevier Science
- Year
- 2013
- Tongue
- English
- Weight
- 349 KB
- Volume
- 28
- Category
- Article
- ISSN
- 1049-0078
No coin nor oath required. For personal study only.
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The ability of futures markets to predict subsequent spot prices has been a controversial topic for a number of years. Empirical evidence to date is mixed; for any given market, some studies find evidence of efficiency, others of inefficiency. In part, these apparently conflicting findings reflect d
hen the future prices of commodities are known with certainty there is no reason to establish a futures market. Agents can construct a futures position in any commodity by borrowing or lending, since the future value of both the loan and the commodity are known. Uncertainty introduces two motives f