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futures market by decreasing the repayment effect. Finally, we show that the presence of speculation in gold futures contracts … maturity. These results suggest that speculation plays a significant role in the COMEX gold futures market. …
Persistent link: https://www.econbiz.de/10005258354
На аграрном рынке, как и на любом другом рынке, существуют транзакционные издержки. Одним из путей их сокращения является более эффективная организация...
Persistent link: https://www.econbiz.de/10011228438
В статье рассматривается методика интегральной оценки состояния регионального продовольственного рынка, которая позволяет комплексно учесть наиболее...
Persistent link: https://www.econbiz.de/10011230142
Crude Oil is a commodity with huge strategic importance to all countries in the world. But in the recent years, the oil market as well as all commodities market has crossed an intense period of changes due to a volatile international economic context. After a decade of rapid economic growth...
Persistent link: https://www.econbiz.de/10011004936
From the set of the first three structural axioms follows the - economic - triangle theorem. It asserts that the product of the three key ratios, which characterize the firm, the market outcome, and the income distribution, is always equal to unity. The theorem contains only unit-free variables,...
Persistent link: https://www.econbiz.de/10011259188
Persistent link: https://www.econbiz.de/10011199610
The present paper swaps the standard behavioral axioms for structural axioms and applies the latter to the analysis of the emergence of secondary markets from the flow part of the economy. Real and nominal residuals at first give rise to the accumulation of the stock of money and the stock of...
Persistent link: https://www.econbiz.de/10009277271
The financial crisis has strongly eroded the financial standing of a significant number of romanian enterprises.Exception from this fact was made not even by the large companies,listed on Bucharest Stock Exchange, which, due to the contraction of commodity markets and to the limitation of...
Persistent link: https://www.econbiz.de/10010819523
In this paper, we propose to identify the dependence structure that exists between returns on equity and commodity futures and its development over the past 20years. The key point is that we do not impose any dependence structure, but let the data select it. To do so, we model the dependence...
Persistent link: https://www.econbiz.de/10010709504
What are the sources of commodity price volatility changes? Based on observation of the palm-oil market (1818-1999), our hypothesis is that the superimposition of short-distance operators located near the export supply, whose expectation horizon is limited to a few weeks, and long-distance...
Persistent link: https://www.econbiz.de/10011069300