Loading Inventory...

The Economic Function of Futures Markets by Jeffrey C. Williams, Paperback | Indigo Chapters

From Jeffrey C. Williams

Current price: $60.18
The Economic Function of Futures Markets by Jeffrey C. Williams, Paperback | Indigo Chapters
The Economic Function of Futures Markets by Jeffrey C. Williams, Paperback | Indigo Chapters

From Jeffrey C. Williams

The Economic Function of Futures Markets by Jeffrey C. Williams, Paperback | Indigo Chapters

Current price: $60.18
Loading Inventory...

Size: 1 x 1 x 1

Visit retailer's website
*Product information may vary - to confirm product availability, pricing, shipping and return information please contact Coles
This book offers an explanation of why commodity processors and dealers use futures markets. It argues that they use futures contracts as part of an implicit method of borrowing and lending commodities, contrary to the accepted view of dealers averse to the fluctuating value of their inventories wanting insurance against price risk. Employing models developed to explain the demand for money, this book demonstrates that risk-neutral dealers have sufficient reason to use futures markets. Moreover, the book exposes major internal inconsistencies in the accepted explanation. Rather than insurance markets, the appropriate analogy is the money market, which is the point the book establishes through discussing actual loan markets in commodities. This insight into the function of futures markets is then used to explain how futures prices for different delivery dates express a term structure of commodity-specific interest rates and why futures markets flourish for some types of commodities and not for others. | The Economic Function of Futures Markets by Jeffrey C. Williams, Paperback | Indigo Chapters

More About Coles at Bayshore Shopping Centre

Coles is renowned for its outstanding customer service and great selection of books. Along with the vast array of magazines, stationary, audio-books, children's literature, fiction, non-fiction and reference books, you can find accessories to make your reading experience more pleasurable. We can recommend the very best in reading today. We will help you search our titles for exactly what you need, and if we do not have it in stock, we will order it for you.

100 Bayshore Dr, Nepean, ON K2B 8C1, Canada

Powered by Adeptmind