Debt, Risk and Liquidity in Futures Markets: 1st Edition (Paperback) book cover

Debt, Risk and Liquidity in Futures Markets

1st Edition

By Barry Goss


240 pages | 38 B/W Illus.

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The issues of developing country debt crises, increased volatility and risk, and the determination of market liquidity are high on the agendas of policy makers, market participants and researchers in the area of financial markets. These issues are also of major importance to regulators and exchange officials. This book contains a collection of eight papers which provide new insights into all three issues, with special emphasis on futures markets, which have received relatively little attention in the analysis of these problems.

Issues explored and findings reported in this book, have implications for policy makers in framing recommendations to government, for government officials in shaping the regulatory structure of futures exchanges, for traders on these exchanges, and also for researchers planning future investigations. The book is relevant for post-graduate and advanced under-graduate courses on financial markets in Economics, Finance and Banking.

Table of Contents

1. Editor’s Introduction 2. Asian Crises: Theory, Evidence, Warning Signals 3. The Development of Futures Markets in China: Evidence of Some Unique Trading Characteristics 4. Issues and Research Opportunities in Agricultural Futures Markets 5. Currency Futures Volatility during the 1997 East Asian Crisis: An Application of Fourier Analysis 6. Distributional Properties of Returns in Thin Futures Markets: The Case of the USD/AUD Contract 7. Simultaneity, Forecasting and Profits in the US Dollar/Deutschemark Futures Market 8. Perceptions of Futures Market Liquidity: An Empirical Study of CBOT and CME Traders 9. Simultaneity and Liquidity in US Electricity Futures

About the Author

Barry Goss has a Ph D from the London School of Economics, was a Reader in Economics at Monash University, Australia from 1987 to 2004, was previously Director of the Derivatives Research Unit at Monash University and currently is director of a research company in futures markets.

About the Series

Routledge International Studies in Money and Banking

This series explores the roles of money and banking in the modern world. Banking is an increasingly important and international industry, and its interaction with money is a major concern for the world's economic policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Decision-Making & Problem Solving
BUSINESS & ECONOMICS / Investments & Securities
BUSINESS & ECONOMICS / Economics / General