Trades in commodities, financial assets, and currencies: A triangle of arbitrage, hedging and speculative designs

Dilip K. Ghosh, Augustine Arize and Dipasri Ghosh

Global Finance Journal, 2015, vol. 28, issue C, 1-9

Abstract: This work brings three markets — (i) commodities (e.g., steel iron ores, electronic parts, oil), (ii) financial assets (such as various stocks, bonds, notes), and (iii) different currencies (like U.S. dollar, British pound, euro, yen and so on) and examines the scope of triple operations of arbitrage, hedging, and speculation. Trading of cross-listed cross-currency assets with arbitrage and hedging is already recorded and analyzed. Here one more dimension — cross-country trades in commodities are added, and speculation is juxtaposed too within one framework.

Keywords: Arbitrage; Options; Currencies; Hedging; Speculation (search for similar items in EconPapers)
JEL-codes: F31 F41 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:28:y:2015:i:c:p:1-9

DOI: 10.1016/j.gfj.2015.11.001

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