Marcuzzo, Maria Cristina; Sanfilippo, Eleonora - In: Financial markets in perspective : lessons from …, (pp. 61-81). 2022
While Keynes is known for his theory of normal backwardation in futures markets, he is less known as a trader in these … markets. The question arises whether his theory acted as a guide to his trading activity or, rather, whether it was his … trading activity that shaped his theory. Backwardation was not viewed by Keynes as a permanent feature of futures market, but …
