The term structure of options with future expiration dates traded at the CME Group is calculated to forecast short and long-term realized volatility and price level of soybean spot prices in Rondonópolis (Mato Grosso State). Extracting the implied volatility with the Black (1976) model for...

We introduce tractable models for commodity derivatives pricing with inventory and volatility effects, and illustrate with applications to the oil market. We contribute to the existing literature in several respects. First, whereas the previous literature uses futures data for investigating the...

This paper assesses implementation of the International Organization of Securities Commissions' (IOSCO) objectives and principles of securities regulation in Spain. Spain exhibits a high level of implementation of principles. The legal framework is robust and provides the Comisión Nacional de...