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Author
Jajuga Krzysztof
Title
Forward Price as the Forecast of Spot Price
Source
Prace Naukowe Akademii Ekonomicznej we Wrocławiu, 2001, nr 919, s. 177-186, bibliogr. 3 poz.
Issue title
Prognozowanie w zarządzaniu firmą
Keyword
Prognozowanie cen, Prognozowanie
Prediction of prices, Forecasting
Abstract
From all these considerations we can claim that under the concept of rational expectations one can use forward price as the forecast of spot price. This can be done in the case of the markets where the forward prices are available. Clearly financial markets are such types of markets. In the remaining part of the paper we will consider the expectations models for two types of financial prices: interest rates and exchange rates. These models are relatively well developed. On the other hand, interest rate risk and exchange rate risk are considered as very significant types of risk for the company, therefore some guidance about forecasting of interest rates and exchange rates may help in the successful risk management. (fragment of text)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
Bibliography
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  1. Buckley A. (2000), Multinational finance, Prentice-Hall, Harlow.
  2. Fabozzi F.J. (2000), Fixed income analysis, FJF Associates, New Hope.
  3. Muth J. (1961), Rational expectations and the theory of price movements, Econometrica, 29, p. 315-335.
Cited by
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ISSN
0324-8445
Language
eng
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