Stückler, Maria
(2002)
Handel auf Terminkontraktmärkten.
Department of Economics Working Paper Series, 80.
Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, Vienna.
Abstract
Commodity prices are significantly more volatile than prices of industrial products. This extreme price instability establishes a need for futures markets in commodities. The main functions of futures trading being hedging against, and speculation on price fluctuations; and it is hedging, that determines the role of speculation. (author's abstract)
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