The Economic Function of Futures Markets
Book Details
Format
Paperback / Softback
ISBN-10
0521389348
ISBN-13
9780521389341
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 27th, 1989
Print length
272 Pages
Weight
400 grams
Dimensions
22.90 x 15.20 x 1.60 cms
Product Classification:
Investment & securities
Ksh 7,550.00
Manufactured on Demand
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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.
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