Handel auf Terminkontraktmärkten

Maria Stückler ()
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Maria Stückler: Department of Economics, Vienna University of Economics & B.A.

Department of Economics Working Papers from Vienna University of Economics and Business, Department of Economics

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.

Keywords: commodity price instability; futures markets; futures prices; marking to markets; arbitrage-hedging; hedging; speculation; normal backwardation) (search for similar items in EconPapers)
JEL-codes: Q00 (search for similar items in EconPapers)
Date: 2002-07
New Economics Papers: this item is included in nep-rmg
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