Download or read book The Hedging Effectiveness of the T bill Futures Market written by Joseph B. Cole and published by . This book was released on 1983 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Hedging Effectiveness of the T bill Futures Market written by Joseph B. Cole and published by . This book was released on 1985 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hedging Effectiveness and Efficiency of Treasury Bill and Bond Futures Markets written by Dennis Jay Lasser and published by . This book was released on 1984 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Interest Rate Futures Markets and Capital Market Theory written by Klaus Kobold and published by Walter de Gruyter. This book was released on 2011-07-22 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Above all the study is intended to shed more light on the following questions: - the functioning of interest rate futures markets, - the behaviour and transactions of economic agents in these markets, -factors determining the results of transactionsin interest rate future markets. Above we argued that these markets emerged in an environment of fluctuating interest rates to provide traders in financial markets with an instrument to deal with the risk stemming from unexpected price changes. It will be this hedging aspect of interest rate futures markets on which the following research is concentrated. The main points to be investigated are: - to what extent interest rate risk is reduced or even abolished, - the effects of futures trading in interest-bearing securities on risk and return of single assets and portfolios, - the consequences on the situation of participants in capital markets, - optimal strategies to reduce the exposure to interest rate risk.

Download or read book Interest Rate Futures written by Gerald D. Gay and published by . This book was released on 1982 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to futures markets; The efficiency of the interest rate futures market; Hedging with interest rate futures; The institutional environment.

Download or read book The Usefulness of Treasury Bill Futures for Forecasting and Hedging written by Patrick Michael Parkinson and published by . This book was released on 1981 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Analysis of Artificial T bills Created from Combinations of Cash and Futures Market Positions and Comparison with Cash Market T bills written by Robert L. Losey and published by . This book was released on 1987 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Risk Reduction Capabilities of Hedging Techniques in the Financial Futures Market written by Bruce S. Berlin and published by . This book was released on 1985 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Review of Research in Futures Markets written by and published by . This book was released on 1993 with total page 802 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consists of the proceedings of seminars on futures markets held by the Chicago Board of Trade.

Download or read book Financial Futures and Options Markets written by Robert T. Daigler and published by HarperCollins College. This book was released on 1994 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Cross hedging Effectiveness of the GNMA and U S Treasury Bond Futures Markets written by Bonnie A. Burt and published by . This book was released on 1983 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Managing Risk with Financial Futures written by Robert T. Daigler and published by Irwin Professional Publishing. This book was released on 1993 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's fast-changing markets are forcing financial institutions, investors and corporations to bear more risk than ever before. A miscalculation or a surprise move in interest rates or foreign currencies can wreak havoc on an institution's bottom line and competitive posture. Despite these perils, there is a shroud of mystery surrounding the very instruments designed to manage these risks - financial futures. Managing Risk with Financial Futures sheds much-needed light on financial futures. It describes how financial futures work and how they can be used to manage the risks associated with today's volatile financial markets. In a logical, step-by-step approach, noted financial futures authority Robert Daigler thoroughly explains every aspect of these fascinating instruments, from pricing to arbitrage to risk management. This book is the most comprehensive and authoritative overview of the financial futures markets ever written. Broad topics addressed include: the mechanics and regulation of the futures markets; pricing and arbitrage of financial futures; characteristics of interest rate, stock index and currency futures; and hedging and risk management strategies. After explaining the principles that underlie the financial futures markets, Dr. Daigler discusses specific risk management strategies. He shows how financial futures can be used to hedge fixed income and equity portfolios, asset/liability gaps, and corporate borrowing costs. In addition, he reveals special hedging applications for insurance companies. Managing Risk with Financial Futures goes much further than any other book in explaining how futures can be used safely to reduce risk and bolster returns. Such complex topicsas duration-based hedging, immunization and hedge ratios are addressed fully, from both a theoretical and practical point of view. Financial futures are a supremely important part of the financial world. Never before have they been written about with such depth and clarity.

Download or read book The Review of Futures Markets written by and published by . This book was released on 1993 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The CD Futures Market written by James A. Overdahl and published by . This book was released on 1984 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Futures Markets as Hedging Markets and the Relative Effects of Speculation on Hedging Effectiveness written by Thomas O. Meyer and published by . This book was released on 1990 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The effectiveness of cross hedging with treasury bill futures written by Richard Philip Saunders and published by . This book was released on 1980 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Treasury Bill Futures as Hedges Against Inflation Risk written by Jayendu Patel and published by . This book was released on 1987 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: An important risk facing agents in a monetary economy arises from inflation uncertainty: in the U.S. for the 1953-84 period, unexpected quarterly inflation had a standard deviation of 2.1%. The costs of such uncertainty are likely to be even higher for multi-year contracts, since we estimate that a 1% unexpected inflation this year implies an upward revision of 0.43% for expected inflation for the forthcoming year and 1% for the years beyond that. The prospect of hedging inflation risk exposure using conventional financial instruments is bleak, as has been widely documented. We develop a theoretical case for Treasury bill futures as a inflation risk hedge by jointly assuming that (1) the Fisher Hypothesis applies to Treasury bill yields, (2) the Unbiased Expectations Hypothesis (UEH) applies to futures prices, and (3) inflation is an autoregressive process. Our empirical analysis shows that Treasury bill futures can reduce single-period inflation risk by about 30-40%. The expected cost of using such futures is close to zero, since we find that the Unbiased Expectations Hypothesis for Treasury bill futures cannot be rejected. Our results provide new indirect support for the Fisher Hypothesis.