This book offers an explanation of why commodity processors and dealers use futures markets.
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Rev. Dr. Jeffrey B. Williams has been the pastor at Trinity Lutheran Church (LCMS) since January, 2020. Before serving in Slayton, Minnesota, he served congregations in Kansas, Wisconsin, and Colorado. He also was on the faculty at Concordia University Wisconsin as a Professor of Computer Science. Dr. Williams earned his Bachelor of Science degree in Business Management from Elmhurst College in 1987. In May, 1992, he completed his Master of Divinity at Concordia Theological Seminary in Fort Wayne, Indiana. His doctorate in Education was granted in 2005 by Kansas State University. He serves as a Civil Air Patrol Chaplain as well as being a parish pastor. Dr. Williams and his long-suffering spouse unit, Sally, have two adopted daughters who are in the Milwaukee and Denver area. The reverend and his wife have been married over 50 years and live in the parsonage in Slayton with their two dogs.
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Paperback. Zustand: New. This book offers an explanation of why commodity processors and dealers use futures markets. It argues that they use futures contracts as part of an implicit method of borrowing and lending commodities, contrary to the accepted view of dealers averse to the fluctuating value of their inventories wanting insurance against price risk. Employing models developed to explain the demand for money, this book demonstrates that risk-neutral dealers have sufficient reason to use futures markets. Moreover, the book exposes major internal inconsistencies in the accepted explanation. Rather than insurance markets, the appropriate analogy is the money market, which is the point the book establishes through discussing actual loan markets in commodities. This insight into the function of futures markets is then used to explain how futures prices for different delivery dates express a term structure of commodity-specific interest rates and why futures markets flourish for some types of commodities and not for others. Bestandsnummer des Verkäufers LU-9780521389341
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Zustand: New. This book offers an explanation of why commodity processors and dealers use futures markets. Num Pages: 272 pages, 13 tables, 15 line diagrams, glossary, bibliography. BIC Classification: KFFM. Category: (U) Tertiary Education (US: College). Dimension: 228 x 152 x 16. Weight in Grams: 400. . 2008. Revised ed. paperback. . . . . Bestandsnummer des Verkäufers V9780521389341
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