The Theory of Futures Trading (Routledge Revivals) Routledge Revivals Series
Auteur : Goss Barry
First published in 1972, this book provides an important critical review on the theory of futures trading. B. A. Goss looks at the work and ideas of Keynes and Hicks on futures, and considers how these have also been developed by Kaldor. He discusses the evolution of the concept of hedging in the context of buying forward into the markets, and considers theories of market and individual equilibrium. Goss draws on the work of other economists in this field, including Stein, Telser, Peston and L. L. Johnson, in order to illustrate the development of theory in futures trading. The book includes fifteen figures that illustrate diagrammatically the concepts involved, and the concluding section contains a series of problems for examination by the student.
Introduction; 1. The beginnings: Keynes, Hicks and Kaldor 2. The concept of hedging 3. Theories of market equilibrium: Peston and Yamey 4. Theories of market equilibrium: Brennan and Telser 5. Theories of individual equilibrium: Jerome L. Stein 6. Theories of individual equilibrium: Leland L. Johnson 7. Speculation in commodity futures: a method of analysis; Questions; Further reading
Date de parution : 03-2013
13.8x21.6 cm
Thèmes de The Theory of Futures Trading (Routledge Revivals) :
Mots-clés :
spot; price; contract; forward; prices; short; hedging; current; market; riskless; Spot Price; S1 T1; Expected Spot Prices; Seller Supplies; Marginal Risk Premium; Individual's Market Position; Vice Versa; Short Hedging; Forward Price; Convenience Yield; Current Futures Price; Indifference Curve; Futures Contracts; Futures Price; Current Spot Price; Full Hedge; Indifference Map; Price Spread; Equilibrium Futures Price; Normal Backwardation; Spot Contracts; Actual Price Change; Excess Supply; Rectangular Distribution; Average Effectiveness