Title: An Empirical Analysis On the Relationship Between Futures Price and Spot Price
Abstract: Using the data of copper and aluminum,this paper examines the long-term and dynamic relationship between the futures price and spot price.The results suggest a unidirectional causality relationship running from futures price to spot price for both copper and aluminum.This shows that it is futures price that plays a more important role in the process of price discovery process.
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
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Cited By Count: 3
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