On the information content of futures prices : Application to LME nonferrous metal futures

The objective of operations on futures markets may be either hedging or speculation. In this paper, we wish to give a desciption of futures markets with two groups of operators with heterogeneous expectations: hedgers-speculators, and pure speculators.(...)

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Year of publication:	2000-06-01
Authors:	Martinot, Natacha ; Lesourd, Jean-Baptiste ; Morard, Bernard
Institutions:	Université <Genève> / Section des Hautes Etudes Commerciales
Subject:	Hedging \| Termingeschäft \| Portfoliomanagement \| portfolio management \| Terminmarkt \| Derivat <Wertpapier> \| Spekulation \| speculation \| Erwartungsbildung

Table of Contents
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Introduction
The model
Results and discussion
Conclusions
Bibliography
Appendices

Persistent link: https://www.econbiz.de/10005843525