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Möglichkeiten der Funktionsverbesserung von Rohstoffmärkten durch Terminkontrakthandel
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 100 (1980), Iss. 5 : pp. 507–530
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Article Details
Streit, Manfred E.
Cited By
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Risikominderung durch Terminkontraktmärkte. Empirische Evidenz für sogenannte „Kernrohstoffe“
Sell, Friedrich L.
Schmidt, Felix
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 105 (1985), Iss. 4 P.481
https://doi.org/10.3790/schm.105.4.481 [Citations: 0]
Abstract
Futures markets are the result of private initiative to reduce the scarcity of information relevant to the future and to lessen the risk burden for those dealing with raw materials. It can be shown that futures markets may serve a number of purposes relevant to the individual producer, trader and manufacturer as well as to the economy in general. However, it is remarkable that a promotion of such markets is hardly assessed when actual and presumptive shortcomings of national and international markets for raw materials are discussed. The interest is almost exclusively focused on measures which tend to supplant markets. Admittedly, futures markets are not very widely spread even in developed countries, and they provide only limited facilities to shift risks for longer periods. However, again it can be plausibly argued, that this is partly the consequence of government interventions.