A typical market for a commodity, a service or a financial instrument can be divided into the cash market and the futures market. Futures markets are currencies by the standardization of the futures contracts and their trading in highly organized exchanges.
Futures Markets contains in three volumes the most influential articles in this field covering a broad range of topics including market characteristics, speculation, pricing, efficiency, interest rates and insurance and foreign characteristics. Important contributors to the volume include among others: Ronald J. Anderson, Eugene F. Fama, Stephen Figlewski, Paul A. Samuelson, Hans R. Stoll and Holbrook Working. As well as providing an authoritative introduction to accompany the piece, the editor has also written three extensive review articles which survey the field of futures markets.
This significant collection presents a compact guide to the subject of Futures Markets and will be an essential companion for students, researchers and practitioners.
Edited by A.G. Malliaris, Walter F. Mullady Sr Professor of Business Administration, Department of Economics and Department of Finance, Loyola University Chicago, US
Contents: Volume I: Foreword (R. Roll) Introduction Part I: Overview Part II: Early Classics Part III: Institutions Part IV: Market Characteristics Part V: Volatility Part VI: Speculation Part VII: Determinants of Hedging Index * Volume II: Part I: Pricing Part II: Efficiency Part III: Price Distributions Part IV: Chaos Part V: Theories of Hedging Part VI: Portfolio Selection with Futures Part VII: Various Markets Index * Volume III: Part I: Overview Part II: Stock Indexes Part III: Arbitrage Part IV: Portfolio Insurance Part V: Volatility and the October 1987 Crash Part VI: Interest Rates and Insurance Part VII: Foreign Currencies Name Index