Title
The Economic Function Of Futures Markets,Used
Delivery time: 8-12 business days (International)
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 Wanting Insurance Against Price Risk. Employing Models Developed To Explain The Demand For Money, This Book Demonstrates That Riskneutral Dealers Have Sufficient Reason To Use Futures Markets. Moreover, The Book Exposes Major Internal Inconsistencies In The Accepted Explanation. Rather Than Insurance Markets, The Appropriate Analogy Is The Money Market, Which Is The Point The Book Establishes Through Discussing Actual Loan Markets In Commodities. This Insight Into The Function Of Futures Markets Is Then Used To Explain How Futures Prices For Different Delivery Dates Express A Term Structure Of Commodityspecific Interest Rates And Why Futures Markets Flourish For Some Types Of Commodities And Not For Others.
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.