This volume presents an entirely new analysis of the economics of
futures markets, that will be of interest to both specialists in
the area and the generalist economist seeking a new perspective.
Through a combination of theoretical investigation and empirical
application, three important themes are explored: the gains from
futures trading and the efforts of emerging markets to reap these
benefits; rationality and rival hypotheses of trader behaviour,
such as noise trading; and the effect of regulatory tools on price
formation.
General
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