Can Financial Participants Improve Price Discovery and Efficiency in Multi-Settlement Markets with Trading Costs?
收藏NBER2019-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25851
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资源简介：
The introduction of purely financial participants into commodity markets is thought to yield forward prices that better reflect future spot prices, and ultimately, more efficient future production and consumption decisions. However, there are sizable transaction costs associated with trading in most
提供机构：
美国国家经济研究局
创建时间：
2019-05-01
