Each day ira epstein gets you up to speed on what happened in the metals futures markets. The first decade of the 21 st century has perhaps witnessed more structural change in commodity futures markets than all previous decades combined. The impact of index funds in commodity futures markets. Many have argued that index funds are speculators that are responsible for bubbles in commodity futures prices. Therefore, the recent rise in the interdependence of futures markets could be held responsible for the huge increase in volatility in agricultural prices in the last years. Determinants of hedging and risk premia in commodity futures markets volume 24 issue 3 david hirshleifer. Futures markets provide a central market place where buyers and sellers from all over the world can interact to determine prices. Track citations for all items by rss feed is something missing from the series or not right. It publishes timely, innovative articles written by leading finance academics and professionals. Information for contributors journal of futures markets. Free trade journal download for your futures, forex. Commodity, financial, stock index and options kaufman, perry j. The journal of futures markets follows wileys expects data sharing and data citation policies.
International journal of emerging markets emerald insight. One of them is that it does not account for the longrun disequilibrium between spot and futures markets ghosh, 1993. Determinants of hedging and risk premia in commodity. Further reproduction prohibited without permission. Futures markets, supply response, and price stability, the quarterly journal of economics, volume 90, issue 3. Coverage ranges from the highly practical to theoretical topics that include futures, derivatives, risk management and control, financial engineering, new financial instruments, hedging. Research square is dedicated to improving the way new research and discoveries are shared. Bringing information from both the futures and options markets into the estimation allows much greater statistical power and, more importantly, enforces consistency in the modeling of both derivatives and their underlying.
This indicates that potential speculation effects on one market could be contagious for other markets and cause an increase in volatility in agricultural futures markets. Volatility transmission in agricultural futures markets. The journal of futures markets chronicles the latest developments in financial futures and derivatives. Financialization and structural change in commodity futures. Review of futures markets rg journal impact rankings. Not only have trading volumes and open interest increased markedly, but this time period also. The journal of energy markets serves as a major research outlet for new empirical and modelbased work in this sector, and publishes original papers on the evolution and behaviour of electricity, gas, oil, carbon and other energy markets, both wholesale and retail. We investigate the behavior of commodity futures risk premia in china. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal. Journal of commodity markets vol 9, pages 1100 march 2018.
Download guide for authors in pdf aims and scope the journal of financial markets publishes high quality original research on applied and theoretical issues related to securities trading and pricing. Coverage ranges from the highly practical to theoretical topics that include futures, derivatives, risk management and control, financial. In order to make energy futures markets grow further, it is necessary to expand expectations of returns from trading in energy futures markets. Dynamic jump intensities and risk premiums in crude oil. This is the overleaf template for journal of futures markets. This market is arguably the least liquid agricultural commodity market included in the cftcs supplemental.
Futures markets, supply response, and price stability. Guide for authors journal of financial markets issn. The aim of the journal of commodity markets jcm will be to publish highquality research in all areas of economics and finance related to commodity markets. Read price discovery in the german equity index derivatives markets, the journal of futures markets on deepdyve, the largest online rental service for scholarly research with thousands of academic publications available at your fingertips. Journal of futures markets will continue to sponsor a special issue for the 2020 jpmcc symposium. Futures speculation, however, also involves substantial risks. Determinants of hedging and risk premia in commodity futures. A futures market is an exchange where futures contracts are traded by participants who are interested in buying or selling these derivatives.
If the inline pdf is not rendering correctly, you can download the pdf file here. The journal of futures markets 1999 biffex unbiasdness. This article focuses exclusively on commodity futures markets such as corn, soybeans, wheat, cattle, and hogs. Covering methods and practices of futures studies, the journal publishes new contributions to. Futures markets, supply response, and price stability anne e. The dynamics of commodity spot and futures markets. Pdf the journal of futures markets 2000 biffex hr manolis.
Journal of tourism futures emerald group publishing. Expectations for statistical arbitrage in energy futures markets. Topics can be related to financialization of commodity. Some preliminary evidence, journal of futures markets, 1983, v31, 1541. For full access to this pdf, sign in to an existing account, or purchase an annual subscription. Sanders the first decade of the 21st century has perhaps witnessed more structural change in com modity futures markets than all previous decades combined. The research may be theoretical, empirical, or policyrelated. Therefore, this study examines whether profits can be earned by statistical arbitrage between wholesale electricity futures and natural gas futures listed on the new york mercantile exchange. Professor in the law school at the university of chicago. Journal of futures markets rg journal impact rankings 2018. Journal of agricultural and applied economics, 44,3august 2012. Covering methods and practices of futures studies, the journal publishes new contributions to knowledge. The relationship between spot and futures prices in stock index futures markets.
Journal of futures markets rg journal impact rankings. Please scan your files for viruses before you send them. The hedging effectiveness of currency futures markets. Trading in futures can provide considerable financial rewards. The mandate for the journal is to present ongoing work within commodity economics and finance. All related files will be concatenated automatically into a single pdf file by the system during upload. Another problem is that it assumes constant conditional secondorder. Expectations for statistical arbitrage in energy futures.
Futures market perform two important functions of price dis covery and price risk management with reference to the given commodity. This article examines a subject which overlaps the two very arcane areas of commodity futures and foreign exchange markets. Pdf the journal of futures markets 1999 biffex unbiasdness. I know that many investors says you should always keep a trade journal and i also know this is the last thing that most traders want to spend their time doing. The argument is based on the premise that the sheer size of index investment can overwhelm the normal functioning of these markets. Keeping a trade journal is one of the most important factors of a successful trading career whether it is futures, forex or stocks. This paper examines the determinants of commodity futures hedging and of risk premia arising from covariation of the futures price with stock market returns, and with the revenues of producers. We are a growing team of scientists, researchers, language experts, software developers, and publishing industry veterans working together to find new ways to help researchers succeed. The chicago board of trade cbot created this booklet to help you take the first step.
Futures is an international, refereed, multidisciplinary journal concerned with medium and longterm futures of cultures and societies, science and technology, economics and politics, environment and the planet, individuals and humanity. Issue 34 2010 emerging multinationals home and host country determinants and outcomes. Apr 30, 2020 the journal of energy markets serves as a major research outlet for new empirical and modelbased work in this sector, and publishes original papers on the evolution and behaviour of electricity, gas, oil, carbon and other energy markets, both wholesale and retail. The jcm will place an emphasis on originality, quality, and clear presentation the purpose of the journal is also to stimulate international dialog among academics. Hedging effectiveness for international index futures markets.
The key to avoiding the pitfalls and reaping the rewards is to develop your trading skills and knowledge of the markets. Special issue of the journal of tourism futures authors are invited to submit a trends paper, of to 2000 words which focus on a particular trend or driver and. Energy futures have become important as alternative investment assets to minimize the volatility of portfolio return, owing to their low links with traditional financial markets. Template for submissions to journal of futures markets. Guide for authors journal of financial markets issn 864181. Recent journal of commodity markets articles elsevier. Price discovery in the german equity index derivatives markets. Bibliographic data for series maintained by wiley content delivery. Special issue of the journal of tourism futures authors are invited to submit a trends paper, of to 2000 words which focus on a particular trend or driver and how they impact or influence the future of tourism. Not only have trading volumes and open interest increased markedly, but this time period also saw historic changes in both trading and participants. This article addresses the debate regarding the role of index funds in commodity futures markets. By closing this message, you are consenting to our use of cookies. It is a generic template that allows authors to write in either rich text or latex formats, and has multiple options designed to work for a number of journals participating in wileys pilot with overleaf. Therefore, this study examines whether profits can be earned by.
At the same time, markets for foreign currencies were studied by only a relative handful of specialists in international trade and finance. The hedging and price discovery functions of futures markets promote more efficient production, s torage, marketing and agro. The journal of futures studies, graduate institute of futures studies. A traders guide to futures cme group offers the widest range of tradable products available anywhere all on a single platform. The untold story of commodity futures in china by john hua. The futures market in agricultural products and an. It is highly useful to the segments of economy easwaran and ramasun daram, 2008. Their purpose, their history, their growth, their successes and failures. The impact of the futures trading act of 1982 upon commodity regulation, journal of futures markets, 1983, v33, 235258. Financialization and structural change in commodity. It publishes timely innovative articles written by leading finance. Recently published articles from journal of commodity markets.
There has been a revolution in futures markets due to the rise of financial futures trading see lambert, 2010. The purpose of this paper is to investigate the potential effects of the socalled sharing economy on growing city tourism as well as on urban property markets. Financialization and structural change in commodity futures markets scott h. In the presence of retaildominance and barrierstoentry, the term structure and momentum premia remain persistent, whereas hedging pressure, skewness, volatility and liquidity premia are distorted by timevarying margins and strict position limits. City tourism and the sharing economy potential effects of online peertopeer marketplaces on urban property markets stefan brauckmann. To learn about our use of cookies and how you can manage your cookie settings, please see our cookie policy. The purpose of the journal is also to stimulate international dialog among academics, industry participants, traders, investors, and policymakers with mutual interests in commodity markets. Once production of your article has started, you can track the status of your article via track your accepted article. Exploring the diversity of theories, practices, and applications. Information for contributors, the journal of futures markets on deepdyve, the largest online rental service for scholarly research with thousands of academic publications available at your fingertips. Review of futures markets rg journal impact rankings 2018.
1016 546 1412 1144 293 98 105 286 902 1252 582 115 1004 1482 1302 323 1531 1418 1459 1130 1555 104 1468 631 340 1093 2 936 1251 517 1304 999 629 272 8 1214 40 263 1164