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Money market futures

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  • Anatoli Kuprianov

Abstract

Virtually all financial innovation in the U.S. money market during the past 20 years has centered on interest rate derivatives, including futures and swaps. Furthermore, money market futures--especially futures contracts on Eurodollar time deposits--have been at the vanguard of the recent explosion of trading activity in interest rate derivatives. While futures markets traditionally have been viewed as markets for the transfer of price risk, recent research shows that they may serve other important economic functions as well.

Suggested Citation

  • Anatoli Kuprianov, 1992. "Money market futures," Economic Review, Federal Reserve Bank of Richmond, vol. 78(Nov), pages 19-37.
    • Handle: RePEc:fip:fedrer:y:1992:i:nov:p:19-37:n:v.78no.6
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    References listed on IDEAS

    as
    1. Telser, Lester G, 1981. "Why There Are Organized Futures Markets," Journal of Law and Economics, University of Chicago Press, vol. 24(1), pages 1-22, April.
    2. Silber, William L, 1984. "Marketmaker Behavior in an Auction Market: An Analysis of Scalpers in Futures Markets," Journal of Finance, American Finance Association, vol. 39(4), pages 937-953, September.
    3. Williams,Jeffrey C., 1990. "The Economic Function of Futures Markets," Cambridge Books, Cambridge University Press, number 9780521389341, June.
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    Keywords

    Futures; Money market;

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