Derivatives should perform two important functions. On the one hand they should be useful for risk management strategies of companies and on the other hand they should contain a price discovery role. In this book is investigated if Forward Freight Agreements (FFA's) have these features, in which areas they offer the greatest benefits to market participants and where they are not very useful. As shipping is a service and therefore not storable shipping freight indices (the Baltic Dry Index with its sub indices) form the basis where derivatives are put on. Due to a lack of data there exist very few studies investigating issues like efficiency and price discovery in international shipping markets. Most of the previous studies use an old data base where the liquidity was low which could have affected the results. In this book data of the Baltic Panamax Index from 2005 to 2010 is analysed. The main finding is that FFA's are formed by rational expectations of the market participants and hence can be used for risk management strategies. Nonetheless information is disseminating faster in the spot than in the forward market which means that the price discovery role of FFA's is quite low.
| Shop | Preis | Aktion |
|---|---|---|
Orellfuessli.ch Bester Preis | CHF 105.00 | Angebot ansehen |
Den günstigsten Preis finden und bei jedem Kauf sparen
Alle Angebote sofort an einem Ort sehen
Bei geprüften und zuverlässigen Händlern kaufen
Südwestdeutscher Verlag für Hochschulschriften The Forward Freight Shipping Market-A Useful Tool For Risk Management? von Südwestdeutscher Verlag für Hochschulschriften bei 1 Shop in der Schweiz vergleichen. Preise von CHF 105.00 bis CHF 105.00. in der Kategorie Bücher & Zeitschriften.
Erhältlich bei Orellfuessli.ch. Klicken Sie auf den Shop Ihrer Wahl zum Kauf. Wir aktualisieren die Preise regelmässig für das beste Angebot.