کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5069089 | 1373032 | 2007 | 21 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Populists versus theorists: Futures markets and the volatility of prices
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موضوعات مرتبط
علوم انسانی و اجتماعی
علوم انسانی و هنر
تاریخ
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چکیده انگلیسی
In this paper, the divergence between popular and professional opinion on speculation in general and futures markets in particular is explored. Along the way, a synopsis of prevailing popular attitudes on futures markets is presented, and an outline of a formal model of futures markets and its implications for commodity price volatility are sketched. The heart of the analysis is drawn from the historical record on the establishment and prohibition of futures markets. Briefly, the results presented in this paper strongly suggest that futures markets were associated with-and most likely caused-lower commodity price volatility. The paper concludes with a discussion of potential sources of popular antagonism against futures markets.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Explorations in Economic History - Volume 44, Issue 2, April 2007, Pages 342-362
Journal: Explorations in Economic History - Volume 44, Issue 2, April 2007, Pages 342-362
نویسندگان
David S. Jacks,