The economic function of futures markets /

This book offers an explanation of why commodity processors and dealers use futures markets. It argues that they use futures contracts as part of an implicit method of borrowing and lending commodities, contrary to the accepted view of dealers averse to the fluctuating value of their inventories wan...

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Bibliographic Details
Main Author: Williams, Jeffrey, 1953- (Author)
Format: Electronic eBook
Language:English
Published: Cambridge : Cambridge University Press, 1986.
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Online Access:CONNECT