Agricultural finance : from crops to land, water and infrastructure
Hélyette Geman
| Year of publication: |
2015
|
|---|---|
| Authors: | Geman, Hélyette |
| Publisher: |
Chichester : Wiley |
| Subject: | Agrarpreis | Agricultural price | Agrarmarkt | Agricultural market | Agroindustrie | Agro-industry | Rohstoffderivat | Commodity derivative | Warenbörse | Commodity exchange | Rohstoffmarkt | Commodity market | Rohstoffspekulation | Commodity speculation | Risikomanagement | Kapitalmarkt |
| Extent: | 1 Online-Ressource (XIX, 268 Seiten) |
|---|---|
| Series: | |
| Type of publication: | Book / Working Paper |
| Language: | English |
| Notes: | Description based upon print version of record Cover; Title Page; Copyright; Contents; Acknowledgments; About the Author; Preamble; Chapter 1 Physical and Financial Agricultural Markets; 1.1 Agriculture and the Beginning of Human Sedentarization; 1.1.1 Some recent numbers; 1.1.2 The growing role of Africa; 1.2 The Outlook of Agricultural Commodities Markets; 1.2.1 Recent mergers and acquisitions; 1.2.2 'Trading places': from the ABCD to the NOW; 1.2.3 The physical markets; 1.2.4 The global flows of commodities; 1.2.5 Back to the future: a new age for barter; 1.2.6 The sources of information in agricultural commodity markets 1.3 History of Commodity Futures and Spot Markets1.3.1 The actors in financial markets; 1.3.2 The actors in agricultural commodity exchanges; 1.3.3 The growth of Futures markets exchanges and the recent mergers; 1.3.4 Futures markets and price volatility; 1.3.5 The role of indexes in the creation of efficient commodity spot markets; 1.3.6 Commodities and numéraire; 1.4 Shipping and Freight; 1.4.1 International trade; 1.4.2 Price formation in freight markets; Chapter 2 Agricultural Commodity Spot Markets; 2.1 Introduction; 2.2 Price Formation in Agricultural Commodity Markets 2.3 Volatility in Agricultural Markets2.3.1 Volatility of the price level versus return in agricultural commodity markets; 2.3.2 Which factors drive volatility?; 2.3.3 Conclusion; Chapter 3 Futures Exchanges - Future and Forward Prices - Theory of Storage - The Forward Curve; 3.1 Major Commodity Exchanges; 3.2 Forward Contracts; 3.3 Futures Contracts; 3.3.1 Definition; 3.3.2 Exchange of Futures for physicals (EFP); 3.4 Relationship between Forward and Futures Prices; 3.5 Example of a Future Spread; 3.6 Inventory and Theory of Storage; 3.6.1 Spot and Futures prices volatilities 3.6.2 Development of the theory of storage: inventory and prices3.7 The Benefits of Forward Curves; 3.7.1 Trading strategies around forward curves; 3.7.2 Example of a seasonality-based Futures spread; 3.7.3 From linear to convex payoffs; 3.8 Stochastic Modeling of the Forward Curve; Chapter 4 Plain Vanilla Options on Commodity Spot and Forward Prices. The Bachelier-Black-Scholes Formula, the Merton Formula, the Black Formula; 4.1 Introduction; 4.2 Classical Strategies involving European Calls and Puts; 4.2.1 Straddle; 4.2.2 Strangle; 4.2.3 Call spread or vertical call spread 4.2.4 Butterfly spread4.3 Put-Call Parity for a Non-dividend Paying Stock; 4.4 Valuation of European Calls: the Bachelier-Black-Scholes Formula and the Greeks; 4.4.1 Consequences of the Black-Scholes formula; 4.4.2 The Greeks; 4.5 The Merton (1973) Formula for Dividend-paying Stocks; 4.6 Options on Commodity Spot Prices; 4.7 Options on Commodity Futures: the Black (1976) Formula; 4.8 Monte-Carlo Simulations for Option Pricing; 4.8.1 The founding result; 4.8.2 Monte-Carlo methods for plain vanilla options on non-dividend paying stocks 4.8.3 Monte-Carlo methods for plain vanilla options on the spot commodity |
| ISBN: | 978-1-118-82738-3 ; 978-1-118-82736-9 ; 978-1-118-82735-2 |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011834330