Time Varying Risk Premia in Futures Markets /

This paper undertakes an econometric investigation into the presence of risk premium in commodity futures markets. The statistical tests are derived from a formal model of asset pricing and are applied to futures prices in a variety of commodity markets. The results suggest that for several commodit...

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Bibliografische gegevens
Hoofdauteur: Kaminsky, Graciela
Andere auteurs: Kumar, Manmohan
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 1990.
Reeks:IMF Working Papers; Working Paper ; No. 1990/116
Online toegang:Full text available on IMF