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The Economic Function of Futures Markets
The Economic Function of Futures Markets
Author: Jeffrey C. Williams
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 mo...  more »
ISBN-13: 9780521265911
ISBN-10: 0521265916
Publication Date: 2/28/1986
Pages: 272
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Publisher: Cambridge University Press
Book Type: Hardcover
Other Versions: Paperback
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