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Rational Expectations And Efficiency In Futures Markets
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Book Synopsis Rational Expectations and Efficiency in Futures Markets by : Barry Goss
Download or read book Rational Expectations and Efficiency in Futures Markets written by Barry Goss and published by Routledge. This book was released on 2005-10-09 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do traders in futures markets make use of all relevant information and is this reflected in prices? This collection of original essays by a team of international economists considers these and other questions central to futures markets.
Book Synopsis Futures Trading, Rational Expectations and the Efficient Markets Hypothesis by : Margaret Bray
Download or read book Futures Trading, Rational Expectations and the Efficient Markets Hypothesis written by Margaret Bray and published by . This book was released on 1979 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Daniel Friedman Publisher :London : Department of Economics, University of Western Ontario ISBN 13 : Total Pages :96 pages Book Rating :4.0/5 ( download)
Book Synopsis The Informational Efficiency of Experimental Asset Markets by : Daniel Friedman
Download or read book The Informational Efficiency of Experimental Asset Markets written by Daniel Friedman and published by London : Department of Economics, University of Western Ontario. This book was released on 1983 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Market Structure and the Muth Rational Expectations Hypothesis by : Robert David Selvaggio
Download or read book Market Structure and the Muth Rational Expectations Hypothesis written by Robert David Selvaggio and published by . This book was released on 1987 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Special Issue on Futures Markets by : Jerome Leon Stein
Download or read book Special Issue on Futures Markets written by Jerome Leon Stein and published by . This book was released on 1992 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Market Structure and the Muth Rational Expectations Hypothesis by : Robert Selvaggio
Download or read book Market Structure and the Muth Rational Expectations Hypothesis written by Robert Selvaggio and published by . This book was released on 1987 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Models of Futures Markets by : Barry Goss
Download or read book Models of Futures Markets written by Barry Goss and published by Routledge. This book was released on 2013-05-13 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents an entirely new analysis of the economics of futures markets, that will be of interest to both specialists in the area and the generalist economist seeking a new perspective. Through a combination of theoretical investigation and empirical application, three important themes are explored: the gains from futures trading and the efforts of emerging markets to reap these benefits; rationality and rival hypotheses of trader behaviour, such as noise trading; and the effect of regulatory tools on price formation.
Book Synopsis Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets by : Robert J. Hodrick
Download or read book Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets written by Robert J. Hodrick and published by CRC Press. This book was released on 2023-08-18 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a critical review of the empirical literature that studies the efficiency of the forward and futures markets for foreign exchange. It provides a useful foundation for research in developing quantitative measures of risk and expected return in international finance.
Book Synopsis The Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets by : R. Hodrick
Download or read book The Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets written by R. Hodrick and published by Routledge. This book was released on 2014-05-01 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert Hodrick provides a foundation for developing quantitive measures of risk and expected return in international finance.
Book Synopsis The Existence of Futures Markets by : Sanford J. Grossman
Download or read book The Existence of Futures Markets written by Sanford J. Grossman and published by . This book was released on 1977 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Rational Expectations International Finance and Futures Markets by : Stein
Download or read book Rational Expectations International Finance and Futures Markets written by Stein and published by Wiley-Blackwell. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Futures Markets Accelerate the Convergence to a Rational Expectations Equilibrium by : Jerome L. Stein
Download or read book Futures Markets Accelerate the Convergence to a Rational Expectations Equilibrium written by Jerome L. Stein and published by . This book was released on 1987 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Rational Expectations and Welfare in Financial Futures Markets by : Jerome L. Stein
Download or read book Rational Expectations and Welfare in Financial Futures Markets written by Jerome L. Stein and published by . This book was released on 1988 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Imagined Futures written by Jens Beckert and published by Harvard University Press. This book was released on 2016-06-07 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a capitalist system, consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How actors assess uncertainty is a problem that economists have tried to solve through general equilibrium and rational expectations theory. Powerful as these analytical tools are, they underestimate the future’s unknowability by assuming that markets, in the aggregate, correctly forecast what is to come. Jens Beckert adds a new chapter to the theory of capitalism by demonstrating how fictional expectations drive modern economies—or throw them into crisis when the imagined futures fail to materialize. Collectively held images of how the future will unfold are critical because they free economic actors from paralyzing doubt, enabling them to commit resources and coordinate decisions even if those expectations prove inaccurate. Beckert distinguishes fictional expectations from performativity theory, which holds that predictions tend to become self-fulfilling prophecies. Economic forecasts are important not because they produce the futures they envision but because they create the expectations that generate economic activity in the first place. Actors pursue money, investments, innovations, and consumption only if they believe the objects obtained through market exchanges will retain value. We accept money because we believe in its future purchasing power. We accept the risk of capital investments and innovation because we expect profit. And we purchase consumer goods based on dreams of satisfaction. As Imagined Futures shows, those who ignore the role of real uncertainty and fictional expectations in market dynamics misunderstand the nature of capitalism.
Book Synopsis The "Speculative Efficiency" Hypothesis by : John F. O. Bilson
Download or read book The "Speculative Efficiency" Hypothesis written by John F. O. Bilson and published by . This book was released on 2008 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The hypothesis that forward prices are the best unbiased forecast of future spot prices is often presented in the economic and financial analysis of futures markets. This paper considers the hypothesis independently of its implications for rational expectations or market efficiency and in order to stress this fact, the term quot;speculative efficiencyquot; is used to characterize the state envisaged under the hypothesis. If a market is subject to efficient speculation, the supply of speculative funds is infinitely elastic at the forward price that is equal to the expected future spot price. The expected future spot price is a market price determined as the solution to the underlying rational expectations macroeconomic model. Although the paper is primarily concerned with testing this hypothesis in the foreign exchange market, the methodology introduced in the paper is of general application to all futures markets.
Book Synopsis The Industrial Organization of Futures Markets by : Ronald W. Anderson
Download or read book The Industrial Organization of Futures Markets written by Ronald W. Anderson and published by Free Press. This book was released on 1984 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Performativity and Politics: The Making of Commodity Futures Markets by : Matthias Baumgarten
Download or read book Performativity and Politics: The Making of Commodity Futures Markets written by Matthias Baumgarten and published by GRIN Verlag. This book was released on 2012-11-14 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2011 in the subject Business economics - Economic Policy, grade: 1,0 / 85%, University of Warwick (Politics and International Studies), course: International Political Economy (Dissertation), language: English, abstract: In this work I analyze commodity futures markets (CFMs) in order to shed light on the debated relationship between neoclassical economic theory and real-world markets. I show that CFMs clearly reflect a number of neoclassical aspects, but its asocial assumptions mean that the theory fails to explain how these came to be realized. Performativity theory, despite itself neglecting the ‘political’ factors of agency, power and distribution to a certain extent, proves to be a suitable alternative explanatory approach. Its idea of economic theory as a ‘blueprint’ can be recognized in conscious steps during the formation of CFMs, which increased the fit of these markets to the neoclassical ideal. Agency and power played a substantial role in shaping performative processes, which led to an approximation of market equilibrium and corresponding positive distributional effects. These outcomes proved to be instable, however, as the entry of big investors in the wake of the current ‘financialization’ of CFMs had disequilibrating consequences. The resulting instances of counterperformativity shifted the markets away from neoclassical theory and led to adverse distributional impacts.
