The Financial Industry's Challenge of Developing Commodity Derivatives
Joost Pennings () and
M.T.G. Meulenberg
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M.T.G. Meulenberg: Wageningen University
Finance from University Library of Munich, Germany
Abstract:
With a constant new stream of financial services coming to the market, each often more exotic and complicated than the last, the financial services industry, which includes commodity derivatives exchanges, brokerage houses and banks providing price risk reduction services (the so-called hedging services), is one of the fastest growing industries. In order to assure survival, these companies show a rapid product innovation. However, for commodity derivatives the risk of failure is considerable. This paper presents a new and integrative approach towards commodity derivatives management, which makes it easier to gain insight into the viability of new commodity derivatives before introduction, to assess and improve the viability of existing commodity derivatives
JEL-codes: G (search for similar items in EconPapers)
Pages: 27 pages
Date: 1999-05-01
Note: Type of Document - PDF; prepared on IBM PC ; pages: 27 ; figures: included. Office for Futures and Options Research (OFOR) at the University of Illinois at Urbana-Champaign. Working Paper 99-01. For a complete list of OFOR working papers see http://w3.ag.uiuc.edu/ACE/ofor
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpfi:9905001
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