IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-22961-1_11.html
   My bibliography  Save this book chapter

Financial Futures

In: An Introduction to Western Financial Markets

Author

Listed:
  • Stephen Valdez

Abstract

Transactions very similar to options and futures contracts today have existed in commodity markets for hundreds of years. There was an astounding Dutch tulip bulb mania in the 17th century. As tulips became more and more fashionable, people bought tulips several months in advance of the harvest. As the price went up, the contracts at the old prices were more valuable and could be sold to other people without waiting to take delivery at harvest time. In the end, the government had to step in when more tulips had been bought than were actually in the ground and several people made large losses.

Suggested Citation

  • Stephen Valdez, 1993. "Financial Futures," Palgrave Macmillan Books, in: An Introduction to Western Financial Markets, chapter 11, pages 224-238, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22961-1_11
    DOI: 10.1007/978-1-349-22961-1_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-22961-1_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.