The CD futures market: hedging and price discovery performance Overdahl, James
dc.contributor.department Economics 2018-08-15T18:14:56.000 2020-07-02T06:10:43Z 2020-07-02T06:10:43Z Sun Jan 01 00:00:00 UTC 1984 1984
dc.description.abstract <p>This study was initiated to examine the hedging and price discovery performance of the CD futures market. In the first part of the study, a method of evaluating the performance of anticipatory hedges was developed. This method improved upon the methods of others by attempting to account for hedgers' expectations of future spot rates;In the second part of the study, a direct test of the weak-form efficient markets hypothesis was applied to the CD futures market. Efficient markets ensure that the market is performing its price discovery function;The results of the study demonstrate that the CD futures market is adequately performing both its hedging and price discovery functions.</p>
dc.format.mimetype application/pdf
dc.identifier archive/
dc.identifier.articleid 10018
dc.identifier.contextkey 6347551
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath rtd/9019
dc.language.iso en
dc.source.bitstream archive/|||Sat Jan 15 02:27:15 UTC 2022
dc.subject.disciplines Finance
dc.subject.disciplines Finance and Financial Management
dc.subject.keywords Economics
dc.title The CD futures market: hedging and price discovery performance
dc.type article
dc.type.genre dissertation
dspace.entity.type Publication
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d dissertation Doctor of Philosophy
Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
1.54 MB
Adobe Portable Document Format