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[英文文献] The Potential Of Dairy Futures Contracts As Risk Management Tools [推广有奖]

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罗森塔尔效应544 发表于 2006-5-15 09:20:12 |AI写论文

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英文文献:The Potential Of Dairy Futures Contracts As Risk Management Tools
英文文献作者:Wolf, Christopher A.,Berwald, Derek K.
英文文献摘要:
We examine the young dairy futures market as a risk management tool. Using New York Board of Trade (NYBOT) data, we find that the BFP futures market is efficient and may potentially be a useful hedging tool. However, we also find that competition from Chicago Mercantile Exchange (CME) contracts has significant detrimental effects on the NYBOT dairy futures contracts. As a result NYBOT dairy futures contracts are likely to dry up.
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