In many empirical studies, both spot and futures prices were shown to contain a stochastic trend. Consequently, it is necessary to examine the possible cointegration relationship between the two prices as suggested by the efficient markets hypothesis. The importance of incorporating the cointegratio
The Relationship between Hedging with Futures and the Financing Function of Farm Management
β Scribed by Calum G. Turvey
- Book ID
- 114842201
- Publisher
- John Wiley and Sons
- Year
- 2008
- Tongue
- English
- Weight
- 523 KB
- Volume
- 37
- Category
- Article
- ISSN
- 0008-3976
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract This note provides an analysis to examine the conjecture about the monotonic relationship between hedge ratio variability and hedging performance. Specific conditions are characterized to sustain the conjecture. Β© 2010 Wiley Periodicals, Inc. Jrl Fut Mark
## Buck n general, futures markets are utilized by producers and users of commodities I as a means of shifting some of the risk of uncertain prices. This process is known as hedging. The underlying rationale of hedging is that commodity prices often fluctuate widely and capriciously. Interest rate
## Abstract In this article, optimal hedge ratios are estimated for different hedging horizons for 23 different futures contracts using wavelet analysis. The wavelet analysis is chosen to avoid the sample reduction problem faced by the conventional methods when applied to nonβoverlapping return ser