Rational Expectations And Welfare In Financial Futures Markets
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Rational Expectations And Welfare In Financial Futures Markets
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Author : Jerome L. Stein
language : en
Publisher:
Release Date : 1988
Rational Expectations And Welfare In Financial Futures Markets written by Jerome L. Stein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Financial futures categories.
Rational Expectations And Efficiency In Futures Markets
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Author : Barry Goss
language : en
Publisher: Routledge
Release Date : 2005-10-09
Rational Expectations And Efficiency In Futures Markets written by Barry Goss and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-10-09 with Business & Economics categories.
Do traders in futures markets make use of all relevant information and is this reflected in prices? This collection of original essays by a team of international economists considers these and other questions central to futures markets.
Futures Markets
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Author : A. G. Malliaris
language : en
Publisher: Edward Elgar Publishing
Release Date : 1997
Futures Markets written by A. G. Malliaris and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
A collection of 70 influential articles which cover a range of topics, including stock indexes, arbitrage, portfolio insurance, volatility and the October 1987 crash, price distributions, theories and determinants of hedging, portfolio selection with futures, institutions, market characteristics, speculation, pricing, efficiency, interest rates and insurance, and foreign currencies. In addition, the editor has written introductory essays for each volume which analyze speculation and hedging, explore the relatively new idea that futures markets can be modelled as chaotic processes, and demystify financial futures while presenting evidence of their benefits. No subject index. Annotation copyright by Book News, Inc., Portland, OR
Rational Expectations International Finance And Futures Markets
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Author : Stein
language : en
Publisher: Wiley-Blackwell
Release Date :
Rational Expectations International Finance And Futures Markets written by Stein and has been published by Wiley-Blackwell this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Rational Expectations And Efficiency In Futures Markets
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Author : Barry Goss
language : en
Publisher: Routledge
Release Date : 2005-10-09
Rational Expectations And Efficiency In Futures Markets written by Barry Goss and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-10-09 with Business & Economics categories.
Do traders in futures markets make use of all relevant information and is this reflected in prices? This collection of original essays by a team of international economists considers these and other questions central to futures markets.
Commodity Futures And Financial Markets
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Author : L. Phlips
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Commodity Futures And Financial Markets written by L. Phlips and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Louis Phlips The stabilisation of primary commodity prices, and the related issue of the stabilisation of export earnings of developing countries, have traditionally been studied without reference to the futures markets (that exist or could exist) for these commodities. These futures markets have in turn been s~udied in isolation. The same is true for the new developments on financial markets. Over the last few years, in particular sine the 1985 tin crisis and the October 1987 stock exchange crisis, it has become evident that there are inter actions between commodity, futures, and financial markets and that these inter actions are very important. The more so as trade on futures and financial markets has shown a spectacular increase. This volume brings together a number of recent and unpublished papers on these interactions by leading specialists (and their students). A first set of papers examines how the use of futures markets could help stabilising export earnings of developing countries and how this compares to the rather unsuccessful UNCTAD type interventions via buffer stocks, pegged prices and cartels. A second set of papers faces the fact, largely ignored in the literature, that commodity prices are determined in foreign currencies, with the result that developing countries suffer from the volatility of exchange rates of these currencies (even in cases where commodity prices are relatively stable). Financial markets are thus explicitly linked to futures and commodity markets.
The Informational Role Of Prices
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Author : Sanford J. Grossman
language : en
Publisher: MIT Press (MA)
Release Date : 1989
The Informational Role Of Prices written by Sanford J. Grossman and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Business & Economics categories.
A uniform framework for understanding how prices convey information in securities markets.
Information And Learning In Markets
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Author : Xavier Vives
language : en
Publisher: Princeton University Press
Release Date : 2010-01-25
Information And Learning In Markets written by Xavier Vives and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-25 with Business & Economics categories.
The ways financial analysts, traders, and other specialists use information and learn from each other are of fundamental importance to understanding how markets work and prices are set. This graduate-level textbook analyzes how markets aggregate information and examines the impacts of specific market arrangements--or microstructure--on the aggregation process and overall performance of financial markets. Xavier Vives bridges the gap between the two primary views of markets--informational efficiency and herding--and uses a coherent game-theoretic framework to bring together the latest results from the rational expectations and herding literatures. Vives emphasizes the consequences of market interaction and social learning for informational and economic efficiency. He looks closely at information aggregation mechanisms, progressing from simple to complex environments: from static to dynamic models; from competitive to strategic agents; and from simple market strategies such as noncontingent orders or quantities to complex ones like price contingent orders or demand schedules. Vives finds that contending theories like informational efficiency and herding build on the same principles of Bayesian decision making and that "irrational" agents are not needed to explain herding behavior, booms, and crashes. As this book shows, the microstructure of a market is the crucial factor in the informational efficiency of prices. Provides the most complete analysis of the ways markets aggregate information Bridges the gap between the rational expectations and herding literatures Includes exercises with solutions Serves both as a graduate textbook and a resource for researchers, including financial analysts
The Rational Expectations Revolution
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Author : Preston J. Miller
language : en
Publisher: MIT Press
Release Date : 1994
The Rational Expectations Revolution written by Preston J. Miller and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
These 21 readings describe the orgins and growth of the macroeconomic analysis known as "rational expectations". The readings trace the development of this approach from the late 1970s to the 1990s.
Uncertain Futures
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Author : Jens Beckert
language : en
Publisher: Oxford University Press
Release Date : 2018-07-12
Uncertain Futures written by Jens Beckert and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-12 with Business & Economics categories.
Uncertain Futures considers how economic actors visualize the future and decide how to act in conditions of radical uncertainty. It starts from the premise that dynamic capitalist economies are characterized by relentless innovation and novelty and hence exhibit an indeterminacy that cannot be reduced to measurable risk. The organizing question then becomes how economic actors form expectations and make decisions despite the uncertainty they face. This edited volume lays the foundations for a new model of economic reasoning by showing how, in conditions of uncertainty, economic actors combine calculation with imaginaries and narratives to form fictional expectations that coordinate action and provide the confidence to act. It draws on groundbreaking research in economic sociology, economics, anthropology, and psychology to present theoretically grounded empirical case studies. These demonstrate how grand narratives, central bank forward guidance, economic forecasts, finance models, business plans, visions of technological futures, and new era stories influence behaviour and become instruments of power in markets and societies. The market impact of shared calculative devices, social narratives, and contingent imaginaries underlines the rationale for a new form of narrative economics.