文章基本信息

标题：Possibilities for Joint Commodity Futures Market in Eastern Europe
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作者：Vlado Kovacevic ; Boris Kuzman ; Jelena Damnjanovic 等
期刊名称：Petroleum-Gas University of Ploiesti Bulletin : Economic Sciences Series
印刷版ISSN：2284-8576
电子版ISSN：2247-8582
出版年度：2017
卷号：4
页码：37-44
出版社：Petroleum-Gas University of Ploiesti
摘要：The aim of this paper is to analyse possibilities and effects of joint futures market for EasternEuropean countries Romania, Hungary, Bulgaria and Serbia.Developed futures market is of importance for agricultural sector because of possibilities to usehedging strategies. Volatility of grain prices in recent years is driving force for development offutures market worldwide. Most developed commodity derivatives are futures and option contracts.In the USA this market is highly developed, while in the EU, and especially in the Eastern Europethis market is not fully developed.According to the analyses in this paper the main reason of underdevelopment of grain futurecontracts in Eastern Europe is low volume of trade. As the main preconditions for functioning ofgrain future market is liquidity the assumption is that the joint market in Black sea region willprovide sufficient liquidity and provide sustainable futures market.
关键词：Hedging strategies; futures contract; security derivatives