LEADER 04055oam  22005415  450 
001 9910828145703321
005 20231023215556.0
010   $a94-011-3354-9
024 7 $a10.1007/978-94-011-3354-8
035   $a(CKB)3400000000122619
035   $a(SSID)ssj0000928249
035   $a(PQKBManifestationID)11508288
035   $a(PQKBTitleCode)TC0000928249
035   $a(PQKBWorkID)10907949
035   $a(PQKB)11614016
035   $a(DE-He213)978-94-011-3354-8
035   $a(MiAaPQ)EBC3105338
035   $a(EXLCZ)993400000000122619
100   $a20121227d1991      uy             0
101 0 $aeng
135   $aurnn#008mamaa
181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 10$aCommodity, futures and financial markets /$fedited by L. Phlips
205   $a1st ed. 1991.
210  1$aDordrecht :$cSpringer Netherlands :$cImprint: Springer,$d1991.
215   $a1 online resource (xviii, 301 pages)
225 1 $aAdvanced Studies in Theoretical and Applied Econometrics,$x1570-5811 ;$v21
300   $aBibliographic Level Mode of Issuance: Monograph
311 0 $a0-7923-1043-8 
311 0 $a94-010-5482-7 
320   $aIncludes bibliographical references.
327   $aI: Export Earnings -- 1. Market Solutions to the Problem of Stabilizing Commodity Earnings -- 2. Hedging Commodity Export Earnings with Futures and Options Contracts -- 3. Options to Alleviate the Costs of Uncertainty and Stability: A Case Study of Zambia -- II: Financial Markets and Commodity Prices -- 4. The Response of Primary Commodity Prices to Exchange Rate Changes -- 5. Exchange Rates and Storables Prices -- 6. An Evaluation of the Performance of Speculative Markets -- 7. Dynamic Welfare Analysis and Commodity Futures Markets Overshooting -- III: Monopolistic Commodity Markets -- 8. Futures Trading for Imperfect Cash Markets: A Survey -- 9. Duopoly, Inventories and Futures Markets -- 10. Monopsony Power and the Period of Commitment in Nonrenewable Resource Markets.
330   $aLouis Phlips The stabilisation of primary commodity prices, and the related issue of the stabilisation of export earnings of developing countries, have traditionally been studied without reference to the futures markets (that exist or could exist) for these commodities. These futures markets have in turn been s~udied in isolation. The same is true for the new developments on financial markets. Over the last few years, in particular sine the 1985 tin crisis and the October 1987 stock exchange crisis, it has become evident that there are inter­ actions between commodity, futures, and financial markets and that these inter­ actions are very important. The more so as trade on futures and financial markets has shown a spectacular increase. This volume brings together a number of recent and unpublished papers on these interactions by leading specialists (and their students). A first set of papers examines how the use of futures markets could help stabilising export earnings of developing countries and how this compares to the rather unsuccessful UNCTAD type interventions via buffer stocks, pegged prices and cartels. A second set of papers faces the fact, largely ignored in the literature, that commodity prices are determined in foreign currencies, with the result that developing countries suffer from the volatility of exchange rates of these currencies (even in cases where commodity prices are relatively stable). Financial markets are thus explicitly linked to futures and commodity markets.
410  0$aAdvanced Studies in Theoretical and Applied Econometrics,$x1570-5811 ;$v21
606   $aEconometrics
606   $aMicroeconomics
606   $aEconomics
615  0$aEconometrics.
615  0$aMicroeconomics.
615  0$aEconomics.
676   $a330.015195
702   $aPhlips$b Louis$4edt$4http://id.loc.gov/vocabulary/relators/edt
906   $aBOOK
912   $a9910828145703321
996   $aCommodity, futures and financial markets$91142592
997   $aUNINA