2002/01/01 by Maria Stückler, Stückler, Maria
Economics, Econometrics and Finance · #Economic and Business Studies #Market Dynamics and Volatility
paper · pdf · doi:10.57938/e4aa9bf9-463c-46cd-b245-a9e9981adbaf
openalex publication_date 2002/01/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/23
Commodity prices are significantly more volatile than prices of industrial products. This extreme price instability establishes a need for futures markets in commodities. The main functions of futures trading being hedging against, and speculation on price fluctuations; and it is hedging, that determines the role of speculation. (author's abstract)