The argument is based on the premise that the sheer size of index investment can overwhelm the normal functioning of these markets. International journal of emerging markets emerald insight. The hedging effectiveness of currency futures markets. The impact of the futures trading act of 1982 upon commodity regulation, journal of futures markets, 1983, v33, 235258. 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. 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. Information for contributors journal of futures markets. 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. 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. 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 is the overleaf template for journal of futures markets. 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. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal. Bibliographic data for series maintained by wiley content delivery. Keeping a trade journal is one of the most important factors of a successful trading career whether it is futures, forex or stocks. Futures markets, supply response, and price stability. This article examines a subject which overlaps the two very arcane areas of commodity futures and foreign exchange markets. Journal of tourism futures emerald group publishing. It is highly useful to the segments of economy easwaran and ramasun daram, 2008. We investigate the behavior of commodity futures risk premia in china. Further reproduction prohibited without permission. Once production of your article has started, you can track the status of your article via track your accepted article. 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 first decade of the 21 st century has perhaps witnessed more structural change in commodity futures markets than all previous decades combined. Journal of futures markets rg journal impact rankings. Recent journal of commodity markets articles elsevier. Therefore, this study examines whether profits can be earned by. Journal of futures markets rg journal impact rankings 2018. Each day ira epstein gets you up to speed on what happened in the metals futures markets. Determinants of hedging and risk premia in commodity futures. The key to avoiding the pitfalls and reaping the rewards is to develop your trading skills and knowledge of the markets. Financialization and structural change in commodity. The journal of futures studies, graduate institute of futures studies.
Volatility transmission in agricultural futures markets. At the same time, markets for foreign currencies were studied by only a relative handful of specialists in international trade and finance. Price discovery in the german equity index derivatives markets. Their purpose, their history, their growth, their successes and failures. This article focuses exclusively on commodity futures markets such as corn, soybeans, wheat, cattle, and hogs.
Coverage ranges from the highly practical to theoretical topics that include futures, derivatives, risk management and control, financial. There has been a revolution in futures markets due to the rise of financial futures trading see lambert, 2010. Covering methods and practices of futures studies, the journal publishes new contributions to knowledge. 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. Another problem is that it assumes constant conditional secondorder. If the inline pdf is not rendering correctly, you can download the pdf file here. The impact of index funds in commodity futures markets. Review of futures markets rg journal impact rankings 2018. A futures market is an exchange where futures contracts are traded by participants who are interested in buying or selling these derivatives. City tourism and the sharing economy potential effects of online peertopeer marketplaces on urban property markets stefan brauckmann. Financialization and structural change in commodity futures. 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. The mandate for the journal is to present ongoing work within commodity economics and finance.
Free trade journal download for your futures, forex. 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. Pdf the journal of futures markets 1999 biffex unbiasdness. Exploring the diversity of theories, practices, and applications. 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. Futures market perform two important functions of price dis covery and price risk management with reference to the given commodity. Pdf the journal of futures markets 2000 biffex hr manolis.
Guide for authors journal of financial markets issn. Please scan your files for viruses before you send them. The futures market in agricultural products and an. The following is a list of the most cited articles based on citations published in the last three. It publishes timely, innovative articles written by leading finance academics and professionals. The hedging and price discovery functions of futures markets promote more efficient production, s torage, marketing and agro. Determinants of hedging and risk premia in commodity. 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. To learn about our use of cookies and how you can manage your cookie settings, please see our cookie policy. 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. Many have argued that index funds are speculators that are responsible for bubbles in commodity futures prices. The relationship between spot and futures prices in stock index futures markets. Journal of commodity markets vol 9, pages 1100 march 2018. 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 journal of futures markets 1999 biffex unbiasdness. One of them is that it does not account for the longrun disequilibrium between spot and futures markets ghosh, 1993. Not only have trading volumes and open interest increased markedly, but this time period also saw historic changes in both trading and participants. 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. 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. Futures markets, supply response, and price stability, the quarterly journal of economics, volume 90, issue 3. Issue 34 2010 emerging multinationals home and host country determinants and outcomes.
Not only have trading volumes and open interest increased markedly, but this time period also. Journal of futures markets will continue to sponsor a special issue for the 2020 jpmcc symposium. Track citations for all items by rss feed is something missing from the series or not right. A traders guide to futures cme group offers the widest range of tradable products available anywhere all on a single platform. Topics can be related to financialization of commodity. Review of futures markets rg journal impact rankings. All related files will be concatenated automatically into a single pdf file by the system during upload. Determinants of hedging and risk premia in commodity futures markets volume 24 issue 3 david hirshleifer. 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. 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. Dynamic jump intensities and risk premiums in crude oil.
Expectations for statistical arbitrage in energy futures markets. Coverage ranges from the highly practical to theoretical topics that include futures, derivatives, risk management and control, financial engineering, new financial instruments, hedging. The chicago board of trade cbot created this booklet to help you take the first step. Template for submissions to journal of futures markets. The untold story of commodity futures in china by john hua. Futures markets provide a central market place where buyers and sellers from all over the world can interact to determine prices. The research may be theoretical, empirical, or policyrelated. Futures markets, supply response, and price stability anne e. Recently published articles from journal of commodity markets. Expectations for statistical arbitrage in energy futures. 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. 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 journal of futures markets chronicles the latest developments in financial futures and derivatives. Professor in the law school at the university of chicago.
For full access to this pdf, sign in to an existing account, or purchase an annual subscription. Research square is dedicated to improving the way new research and discoveries are shared. By closing this message, you are consenting to our use of cookies. 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. Guide for authors journal of financial markets issn 864181. This market is arguably the least liquid agricultural commodity market included in the cftcs supplemental. Commodity, financial, stock index and options kaufman, perry j.
The dynamics of commodity spot and futures markets. Futures speculation, however, also involves substantial risks. Financialization and structural change in commodity futures markets scott h. Trading in futures can provide considerable financial rewards. It publishes timely innovative articles written by leading finance. Journal of agricultural and applied economics, 44,3august 2012. In order to make energy futures markets grow further, it is necessary to expand expectations of returns from trading in energy futures markets. Sanders the first decade of the 21st century has perhaps witnessed more structural change in com modity futures markets than all previous decades combined.
Hedging effectiveness for international index futures markets. This article addresses the debate regarding the role of index funds in commodity futures markets. The journal of futures markets follows wileys expects data sharing and data citation policies. Covering methods and practices of futures studies, the journal publishes new contributions to. Introduction derivatives have been associated with a number of highprofile corporate events that roiled the global financial markets over the past two decades.
1053 232 1438 283 1321 1237 60 1052 1459 40 796 640 1502 1303 918 562 31 521 1239 1242 547 1121 200 392 283 716 1501 1189 1169 1450 1111 266 28 1206 473 1252 1104 970 907 843