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across african countries is important to understanding the process of economic development. And whereas, energy is linked … with the capacity to perform, the rate at which energy is consumed for the acceleration of the pace of socio …)will be a function of the extent to which its energy(power) resources are developed and utilised. This paper therefore argued …
Persistent link: https://www.econbiz.de/10005787174
others, the ‘era of free flow,’ the ‘era of limited flow,’ ‘energy conflicts,’ the ‘commercialization of arms exports,’ the …
Persistent link: https://www.econbiz.de/10005836969
present energy sources. It is not that fossil fuels will disappear, but rather the certainty that they will become … increase of a critical resource - energy - will force unforeseen changes in production and in distribution of goods, affecting … the whole productive matrix - including employment. Not only new products and distribution systems based on higher energy …
Persistent link: https://www.econbiz.de/10005621905
In international circles, the concern of the day is the state of the world economy. There is a general appreciation of the severity of the problem, but no widespread agreement about either diagnosis or solutions. We shall focus here on a particular set of topics that have emerged as major issues...
Persistent link: https://www.econbiz.de/10005789318
In a recent article, Ederington (1979) examined the hedging performance of financial futures markets using a portfolio … model derived from the hedging theories of Stein (1961) and Johnson (1960). His article concluded that GNMA futures were … misspecification of the model and to test whether the hedging effectiveness of the T-Bill futures market has changed after three years …
Persistent link: https://www.econbiz.de/10011107838
The September 30, 1978 legislation (P.L. 95-405), which renewed the authority of the CFTC to regulate futures markets, directs the Commission to solicit the advice of the Treasury and the Federal Reserve before authorizing any additional futures contracts that specify delivery of U.S. Government...
Persistent link: https://www.econbiz.de/10011109710
In a recent article, Puglisi developed and tested a model for evaluating the efficiency of the Treasury bill futures market. He found that the market for Treasury bill futures was not efficient because arbitrage opportunities existed involving transactions in futures and outstanding Treasury...
Persistent link: https://www.econbiz.de/10011110375
Until the existence of financial futures, testing the determinants and the informational content of futures market prices has been difficult because of the vagaries associated with commodity markets. In the case of Treasury bill futures, the existence of an active secondary market and the...
Persistent link: https://www.econbiz.de/10011112305
.e., the hedging effectiveness of currency futures markets. In particular, the present work demonstrates that the futures … markets for British pounds, German marks, and Japanese Yen have been as effective as hedging devices as have some of the long …
Persistent link: https://www.econbiz.de/10011114149
The September 30, 1978 legislation (P.L. 95-405), which renewed the authority of the CFTC to regulate futures markets, directs the Commission to solicit the advice of the Treasury and the Federal Reserve before authorizing any additional futures contracts that specify delivery of U.S. Government...
Persistent link: https://www.econbiz.de/10011196423