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- W2366946504 abstract "With the development of market economy and the deepening understanding of the function of futures markets,this paper proposes that price discovery is the basic function of futures markets and derives hedging,speculation,interest arbitrage and the savings on social trial-and-error cost from price discovery.The test on the relationship between comprehensive index of Nanhua commodity futures and PPI confirms the function of China's commodity futures markets as saving social trial-and-error cost.In order to make full use of this function,we should make a great effort to promote the building-up of futures markets." @default.
- W2366946504 created "2016-06-24" @default.
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- W2366946504 date "2011-01-01" @default.
- W2366946504 modified "2023-09-24" @default.
- W2366946504 title "Study on the Function of China's Commodity Futures Markets as Saving Social Trial-and-error Cost" @default.
- W2366946504 hasPublicationYear "2011" @default.
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