The Economic Function of Futures Markets |
|
| Author:
| Williams, Jeffrey C. |
| ISBN: | 978-0-511-57184-8 |
| Publication Date: | Oct 2009 |
| Publisher: | Cambridge University Press
|
| Book Format: | Digital download and online |
| List Price: | AUD $200.00 |
Book Description:
|
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.
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.