Forwards and Futures -Year 2008 Financial Markets (ECON 252) Futures markets were started in Osaka, Japan in the 1600s to create an authoritative and meaningful market price for agricultural products, using standardized contracts. Since then, futures markets have been copied around the world to allow the hedging various future risks, financial and other. In the United States, the Chicago Mercantile Exchange and the Chicago Board of Trade have been the most popular futures trading markets. Although futures markets are changing and becoming more electronic, they are still important risk management tools for farmers and present financial opportunities for all manner of hedgers and arbitrageurs. 00:00 - Chapter 1. Introduction: Thoughts on Guest Speakers 07:23 - Chapter 2. From Osaka's Rice Warehouses: The Development of the Forward and Futures Market 24:47 - Chapter 3. Forward Contracts for Currency Exchange and Interest Rates 35:30 - Chapter 4. The Completely Financial Futures Market 51:44 - Chapter 5. A Case Study of Futures: The Price of Wheat and the Question of Storage 01:00:47 - Chapter 6. Backwardation and Spot Premiums Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses This course was recorded in Spring 2008.
Video is embedded from external source so embedding is not available.
Video is embedded from external source so download is not available.
No content is added to this lecture.
This video is a part of a lecture series from of Yale
Lec 1-Year 2008 Finance and Insurance as Powerful Forces in Our
Lec 2 -Year 2008 - The Universal Principle of Risk Management: Pooling
Lec 3 -Year 2008 - Technology and Invention in Finance
Lec 4 -Year 2008 - Portfolio Diversification and Supporting Financial
Lec 5 -Year 2008 - Insurance: The Archetypal Risk Management
Lec 6 -Year 2008 - Efficient Markets vs. Excess Volatility
Lec 7 -Year 2008 - Behavioral Finance: The Role of Psychology
Lec 8 -Year 2008 - Human Foibles, Fraud, Manipulation, and Regulation
Lec 9 -Year 2008 - Guest Lecture by David Swensen
Lec 10 -Year 2008 - Debt Markets: Term Structure
Lec 12 -Year 2008 - Real Estate Finance and its Vulnerability to Crisis
Lec 13 -Year 2008 - Banking: Successes and Failures
Lec 14 -Year 2008 - Guest Lecture by Andrew Redleaf
Lec 15 -Year 2008 - Guest Lecture by Carl Icahn
Lec 16 -Year 2008 - The Evolution and Perfection of Monetary Policy
Lec 17 -Year 2008 - Investment Banking and Secondary Markets
Lec 18 -Year 2008 - Professional Money Managers and Their Influence
Lec 19 -Year 2008 - Brokerage, ECNs, etc.
Lec 20 -Year 2008 - Guest Lecture by Stephen Schwarzman
Lec 22 -Year 2008 - Stock Index, Oil and Other Futures Markets
Lec 23 -Year 2008 - Options Markets
Lec 24 -Year 2008 - Making It Work for Real People: The Democratization
Lec 25 -Year 2008 - Learning from and Responding to Financial Crisis I
Lec 26 -Year 2008 Learning from and Responding to Financial Crisis II