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	Provedor de dados AgEcon (4) Autor Yang, Jian (4) Awokuse, Titus O. (2) Leatham, David J. (2) Bessler, David A. (1) Palavra-chave Marketing (2) Asset storability (1) Causality (1) Commodity futures (1) Commodity prices (1) D82 (1) Demand and Price Analysis (1) Developing countries (1) Directed graphs (1) E31 (1) E37 (1) Error correction model (1) Error-correction model (1) Financial Economics (1) G19 (1) Hedging effectiveness (1) Law of one price (1) Monetary policy (1) Multivariate GARCH (1) Price discovery (1) Mais... Tipo do documento Journal Article (2) Working or Discussion Paper (2) Ano 2002 (2) 2000 (1) 1999 (1) País United States (4) Idioma Inglês (4)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 4 Primeira ... 1 ... Última THE LAW OF ONE PRICE: DEVELOPED AND DEVELOPING COUNTRY MARKET INTEGRATION AgEcon Yang, Jian; Bessler, David A.; Leatham, David J.. The Law of One Price (LOP) is important to models of international trade and exchange rate determination. This study investigates a variant of the LOP applied to developed and developing countries. The competing hypothesis are (1) that one price prevails in both developed and developing countries and (2) that one price prevails in developed countries and another single price in developing countries. Using data from an internationally competitive commodity (soybean meal), we found evidence favors the first hypothesis, although two large developing countries under study are active participants in regional trade integration, which may bias them against the first hypothesis. Tipo: Journal Article Palavras-chave: Law of one price; Developing countries; Error-correction model; Directed graphs; Demand and Price Analysis. Ano: 2000 URL: http://purl.umn.edu/15320 THE INFORMATIONAL ROLE OF COMMODITY PRICES IN FORMULATING MONETARY POLICY: A REEXAMINATION AgEcon Awokuse, Titus O.; Yang, Jian. This paper reexamines the issue of whether commodity prices provide useful information for formulating monetary policy through the application of recent development in time series methodology developed by Toda and Yamamoto (1995). We found that commodity prices signals the future direction of the economy. Tipo: Working or Discussion Paper Palavras-chave: Commodity prices; Monetary policy; Causality; Financial Economics; E31; E37. Ano: 2002 URL: http://purl.umn.edu/15834 ASSET STORABILITY AND HEDGING EFFECTIVENESS IN COMMODITY FUTURES MARKETS AgEcon Yang, Jian; Awokuse, Titus O.. This paper examines risk minimization hedging effectiveness for major storable and nonstorable agricultural commodity futures markets. Based on the error correction model – bivariate GARCH frameworks, some evidence is found that the hedging effectiveness is stronger for storable commodities than nonstorable commodities under consideration. The finding illustrates an important difference between storable and nonstorable commodities with regard to their hedging function. Tipo: Working or Discussion Paper Palavras-chave: Commodity futures; Asset storability; Hedging effectiveness; Multivariate GARCH; Marketing; D82; G19. Ano: 2002 URL: http://purl.umn.edu/15826 PRICE DISCOVERY IN WHEAT FUTURES MARKETS AgEcon Yang, Jian; Leatham, David J.. This paper examines the price discovery function for three U.S. wheat futures markets: the Chicago Board of Trade, Kansas City Board of Trade, and Minneapolis Grain Exchange. The maintained hypothesis is that futures markets search more for information than cash markets to find an equilibrium price, thus greatly improving the price discovery function. The tests reveal the existence of one equilibrium price across the three futures markets in the long run, but no cointegration among prices in the three representative cash markets. Tipo: Journal Article Palavras-chave: Error correction model; Price discovery; Wheat futures; Marketing. Ano: 1999 URL: http://purl.umn.edu/15375 Registros recuperados: 4 Primeira ... 1 ... Última

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