Title: Is a Futures Market Viable in Turkey? The Case of a Cotton Futures Market
Abstract: Abstract Many countries as they reduce price controls develop an interest in futures markets as a way to manage risk. This article explores the potential of using existing futures markets to hedge cotton in Turkey. Futures prices in New York and Liverpool are not cointegrated and only weakly correlated with cash prices in Izmir. Thus, existing futures markets have limited ability to reduce the risk faced by the cotton industry in Turkey. While there are obstacles to overcome, there does appear to be a potential demand for a cotton futures market in Turkey.
Publication Year: 2005
Publication Date: 2005-12-29
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 4
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