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On the information content of futures prices : Application to LME nonferrous metal futures

The objective of operations on futures markets may be either hedging or speculation. In this paper, we wish to give a desciption of futures markets with two groups of operators with heterogeneous expectations: hedgers-speculators, and pure speculators.(...)
Year of publication:
2000-06-01
Authors: Martinot, Natacha ; Lesourd, Jean-Baptiste ; Morard, Bernard
Institutions: Université <Genève> / Section des Hautes Etudes Commerciales
Subject: Hedging | Termingeschäft | Portfoliomanagement | portfolio management | Terminmarkt | Derivat <Wertpapier> | Spekulation | speculation | Erwartungsbildung
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  • Introduction
  • The model
  • Results and discussion
  • Conclusions
  • Bibliography
  • Appendices
Persistent link: https://www.econbiz.de/10005843525
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