Matches in SemOpenAlex for { <https://semopenalex.org/work/W2742880819> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W2742880819 abstract "By examining the gold leasing market and employing data on the gold forward offered rate (GOFO) and derived lease rates, we propose that rather than using the interest-adjusted basis as a proxy for the convenience yield of gold, the convenience yield is better approximated by the derived gold lease rate. Additionally, using the interest-adjusted basis as opposed to the lease rate can lead to incorrect inferences pertaining to the convenience yield. Using the lease rate, we study the relationship between gold leasing and the level of COMEX discretionary inventory. The results suggest that the lease rate has an asymmetric relationship with the level of discretionary inventory, which we calculate using weekly inventory data obtained from the COMEX futures trading exchange. Linear regressions of the level of discretionary inventory on lagged lease rates reveals that, for short-duration gold leases, bullion repayments result in decreased inventory levels. After controlling for speculative effects, we show that only leases of one month maturity have a statistically significant effect on inventory levels, and thus conclude that speculative pressure acts to increase the amount of bullion available to the gold futures market by decreasing the repayment effect. Finally, we show that the presence of speculation in gold futures contracts can be associated with increased futures contract returns and that this effect increases with increased futures contract maturity. These results suggest that speculation plays a significant role in the COMEX gold futures market." @default.
- W2742880819 created "2017-08-17" @default.
- W2742880819 creator A5010200827 @default.
- W2742880819 creator A5031921882 @default.
- W2742880819 creator A5033884689 @default.
- W2742880819 date "2009-01-01" @default.
- W2742880819 modified "2023-09-29" @default.
- W2742880819 title "On the Lease Rate, the Convenience Yield and Speculative Effects in the Gold Futures Market" @default.
- W2742880819 hasPublicationYear "2009" @default.
- W2742880819 type Work @default.
- W2742880819 sameAs 2742880819 @default.
- W2742880819 citedByCount "0" @default.
- W2742880819 crossrefType "posted-content" @default.
- W2742880819 hasAuthorship W2742880819A5010200827 @default.
- W2742880819 hasAuthorship W2742880819A5031921882 @default.
- W2742880819 hasAuthorship W2742880819A5033884689 @default.
- W2742880819 hasConcept C10138342 @default.
- W2742880819 hasConcept C101433766 @default.
- W2742880819 hasConcept C106159729 @default.
- W2742880819 hasConcept C106306483 @default.
- W2742880819 hasConcept C134121241 @default.
- W2742880819 hasConcept C138496976 @default.
- W2742880819 hasConcept C141100683 @default.
- W2742880819 hasConcept C149782125 @default.
- W2742880819 hasConcept C15744967 @default.
- W2742880819 hasConcept C162324750 @default.
- W2742880819 hasConcept C166957645 @default.
- W2742880819 hasConcept C175223733 @default.
- W2742880819 hasConcept C191897082 @default.
- W2742880819 hasConcept C192562407 @default.
- W2742880819 hasConcept C196757783 @default.
- W2742880819 hasConcept C2779614062 @default.
- W2742880819 hasConcept C2983622608 @default.
- W2742880819 hasConcept C47941915 @default.
- W2742880819 hasConcept C556758197 @default.
- W2742880819 hasConcept C95457728 @default.
- W2742880819 hasConceptScore W2742880819C10138342 @default.
- W2742880819 hasConceptScore W2742880819C101433766 @default.
- W2742880819 hasConceptScore W2742880819C106159729 @default.
- W2742880819 hasConceptScore W2742880819C106306483 @default.
- W2742880819 hasConceptScore W2742880819C134121241 @default.
- W2742880819 hasConceptScore W2742880819C138496976 @default.
- W2742880819 hasConceptScore W2742880819C141100683 @default.
- W2742880819 hasConceptScore W2742880819C149782125 @default.
- W2742880819 hasConceptScore W2742880819C15744967 @default.
- W2742880819 hasConceptScore W2742880819C162324750 @default.
- W2742880819 hasConceptScore W2742880819C166957645 @default.
- W2742880819 hasConceptScore W2742880819C175223733 @default.
- W2742880819 hasConceptScore W2742880819C191897082 @default.
- W2742880819 hasConceptScore W2742880819C192562407 @default.
- W2742880819 hasConceptScore W2742880819C196757783 @default.
- W2742880819 hasConceptScore W2742880819C2779614062 @default.
- W2742880819 hasConceptScore W2742880819C2983622608 @default.
- W2742880819 hasConceptScore W2742880819C47941915 @default.
- W2742880819 hasConceptScore W2742880819C556758197 @default.
- W2742880819 hasConceptScore W2742880819C95457728 @default.
- W2742880819 hasLocation W27428808191 @default.
- W2742880819 hasOpenAccess W2742880819 @default.
- W2742880819 hasPrimaryLocation W27428808191 @default.
- W2742880819 hasRelatedWork W1506587106 @default.
- W2742880819 hasRelatedWork W1514822116 @default.
- W2742880819 hasRelatedWork W153246896 @default.
- W2742880819 hasRelatedWork W1582022673 @default.
- W2742880819 hasRelatedWork W1594027659 @default.
- W2742880819 hasRelatedWork W192989096 @default.
- W2742880819 hasRelatedWork W1984627230 @default.
- W2742880819 hasRelatedWork W1986246158 @default.
- W2742880819 hasRelatedWork W2001055559 @default.
- W2742880819 hasRelatedWork W2044947024 @default.
- W2742880819 hasRelatedWork W2090083445 @default.
- W2742880819 hasRelatedWork W2182965534 @default.
- W2742880819 hasRelatedWork W2186398490 @default.
- W2742880819 hasRelatedWork W2972012724 @default.
- W2742880819 hasRelatedWork W3123186150 @default.
- W2742880819 hasRelatedWork W3124147896 @default.
- W2742880819 hasRelatedWork W3124910089 @default.
- W2742880819 hasRelatedWork W3173638733 @default.
- W2742880819 hasRelatedWork W850070052 @default.
- W2742880819 hasRelatedWork W3121977333 @default.
- W2742880819 isParatext "false" @default.
- W2742880819 isRetracted "false" @default.
- W2742880819 magId "2742880819" @default.
- W2742880819 workType "article" @default.