Futures Trading Activity and Commodity Cash Price Volatility
نویسندگان
چکیده
منابع مشابه
Volatility and Commodity Price Dynamics
Commodity prices tend to be volatile, and volatility itself varies over time. Changes in volatility can affect market variables by directly affecting the marginal value of storage, and by affecting a component of the total marginal cost of production: the opportunity cost of exercising the option to produce the commodity now rather than waiting for more price information. I examine the role of ...
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ژورنال
عنوان ژورنال: Journal of Business Finance & Accounting
سال: 2005
ISSN: 0306-686X,1468-5957
DOI: 10.1111/j.0306-686x.2005.00595.x