Agricultural finance : from crops to land, water and infrastructure /

• Κύριος συγγραφέας: Geman, Hélyette
• Μορφή: Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Chichester, West Sussex, United Kingdom : John Wiley and Sons, Inc., 2015.
• Σειρά: Wiley finance series.
• Θέματα: Commodity exchanges.; Agricultural prices.; Agricultural industries.; Investments.; Finance.; BUSINESS & ECONOMICS > Finance.; Electronic books.

"Agricultural Finance is the only book which comprehensively deals with worldwide agriculture markets, spikes in agricultural commodity prices, trading strategies (CTAs and others), the agribusiness industry, the challenges of feeding the planet as well as the fascinating subjects of land, wate...

Πίνακας περιεχομένων:

• Cover; Title Page; Copyright; Contents; Acknowledgments; About the Author; Preamble; Chapter 1 Physical and Financial Agricultural Markets; 1.1 Agriculture and the Beginning of Human Sedentarization; 1.1.1 Some recent numbers; 1.1.2 The growing role of Africa; 1.2 The Outlook of Agricultural Commodities Markets; 1.2.1 Recent mergers and acquisitions; 1.2.2 'Trading places': from the ABCD to the NOW; 1.2.3 The physical markets; 1.2.4 The global flows of commodities; 1.2.5 Back to the future: a new age for barter; 1.2.6 The sources of information in agricultural commodity markets.
• 1.3 History of Commodity Futures and Spot Markets1.3.1 The actors in financial markets; 1.3.2 The actors in agricultural commodity exchanges; 1.3.3 The growth of Futures markets exchanges and the recent mergers; 1.3.4 Futures markets and price volatility; 1.3.5 The role of indexes in the creation of efficient commodity spot markets; 1.3.6 Commodities and numéraire; 1.4 Shipping and Freight; 1.4.1 International trade; 1.4.2 Price formation in freight markets; Chapter 2 Agricultural Commodity Spot Markets; 2.1 Introduction; 2.2 Price Formation in Agricultural Commodity Markets.
• 2.3 Volatility in Agricultural Markets2.3.1 Volatility of the price level versus return in agricultural commodity markets; 2.3.2 Which factors drive volatility?; 2.3.3 Conclusion; Chapter 3 Futures Exchanges
• Future and Forward Prices
• Theory of Storage
• The Forward Curve; 3.1 Major Commodity Exchanges; 3.2 Forward Contracts; 3.3 Futures Contracts; 3.3.1 Definition; 3.3.2 Exchange of Futures for physicals (EFP); 3.4 Relationship between Forward and Futures Prices; 3.5 Example of a Future Spread; 3.6 Inventory and Theory of Storage; 3.6.1 Spot and Futures prices volatilities.
• 3.6.2 Development of the theory of storage: inventory and prices3.7 The Benefits of Forward Curves; 3.7.1 Trading strategies around forward curves; 3.7.2 Example of a seasonality-based Futures spread; 3.7.3 From linear to convex payoffs; 3.8 Stochastic Modeling of the Forward Curve; Chapter 4 Plain Vanilla Options on Commodity Spot and Forward Prices. The Bachelier-Black-Scholes Formula, the Merton Formula, the Black Formula; 4.1 Introduction; 4.2 Classical Strategies involving European Calls and Puts; 4.2.1 Straddle; 4.2.2 Strangle; 4.2.3 Call spread or vertical call spread.
• 4.2.4 Butterfly spread4.3 Put-Call Parity for a Non-dividend Paying Stock; 4.4 Valuation of European Calls: the Bachelier-Black-Scholes Formula and the Greeks; 4.4.1 Consequences of the Black-Scholes formula; 4.4.2 The Greeks; 4.5 The Merton (1973) Formula for Dividend-paying Stocks; 4.6 Options on Commodity Spot Prices; 4.7 Options on Commodity Futures: the Black (1976) Formula; 4.8 Monte-Carlo Simulations for Option Pricing; 4.8.1 The founding result; 4.8.2 Monte-Carlo methods for plain vanilla options on non-dividend paying stocks.