Does the Design of Spot Markets Matter for the Success of Futures Markets? Evidence from Dairy Futures
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More about this item
Keywords
Agricultural Commodities; Hedging; Futures Market Effectiveness; Spot Market Design; Dairy; CME NFDM Futures; NZX WMP Futures; Settlement to Average Spot Price;All these keywords.
JEL classification:
- G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGR-2018-01-01 (Agricultural Economics)
- NEP-DES-2018-01-01 (Economic Design)
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