Trades in commodities, financial assets, and currencies: A triangle of arbitrage, hedging and speculative designs

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• 作者：Dilip K. Ghosh^a ; Augustine Arize^b ; Dipasri Ghosh^c
• 关键词：Arbitrage ; Options ; Currencies ; Hedging ; Speculation
• 刊名：Global Finance Journal
• 出版年：2015
• 出版时间：October 2015
• 年：2015
• 卷：28
• 期：Complete
• 页码：1-9
• 全文大小：337 K

文摘

This work brings three markets — (i) commodities (e.g., steel iron ores, electronic parts, oil), (ii) financial assets (such as various stocks, bonds, notes), and (iii) different currencies (like U.S. dollar, British pound, euro, yen and so on) and examines the scope of triple operations of arbitrage, hedging, and speculation. Trading of cross-listed cross-currency assets with arbitrage and hedging is already recorded and analyzed. Here one more dimension — cross-country trades in commodities are added, and speculation is juxtaposed too within one framework.