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Forward and Futures Prices during the 198485 Sterling Exchange Rate Crisis An Analysis of Time Series Structure and Implied Transactions Costs

Forward and Futures Prices during the 198485 Sterling Exchange Rate Crisis An Analysis of Time... Whereas the last decade has seen remarkable growth in United States US futures business, in the United Kingdom UK the volume in some sectors has been disappointing. Although new markets are continuing to appear such as the Baltic International Freight Futures Exchange, BIFFEX, which opened for business in May 1985, on 31 January 1985 the London Gold Futures Market LGFM announced its intention to close and from time to time there has been speculation that LIFFE, the London International Financial Futures Exchange, may not be able to continue in its present form because of lack of business although the range of traded instruments continues to expand. Some factors that would tend to discourage business are http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Finance Emerald Publishing

Forward and Futures Prices during the 198485 Sterling Exchange Rate Crisis An Analysis of Time Series Structure and Implied Transactions Costs

Managerial Finance , Volume 18 (3): 23 – Mar 1, 1992

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0307-4358
DOI
10.1108/eb018455
Publisher site
See Article on Publisher Site

Abstract

Whereas the last decade has seen remarkable growth in United States US futures business, in the United Kingdom UK the volume in some sectors has been disappointing. Although new markets are continuing to appear such as the Baltic International Freight Futures Exchange, BIFFEX, which opened for business in May 1985, on 31 January 1985 the London Gold Futures Market LGFM announced its intention to close and from time to time there has been speculation that LIFFE, the London International Financial Futures Exchange, may not be able to continue in its present form because of lack of business although the range of traded instruments continues to expand. Some factors that would tend to discourage business are

Journal

Managerial FinanceEmerald Publishing

Published: Mar 1, 1992

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