{"id":261,"date":"2019-01-15T16:15:04","date_gmt":"2019-01-15T21:15:04","guid":{"rendered":"https:\/\/sites.bu.edu\/perry\/?page_id=261"},"modified":"2019-01-17T16:04:23","modified_gmt":"2019-01-17T21:04:23","slug":"18-forwards-and-futures","status":"publish","type":"page","link":"https:\/\/sites.bu.edu\/perry\/lectures\/mb-lectures\/section-2\/18-forwards-and-futures\/","title":{"rendered":"18:  Forwards and Futures"},"content":{"rendered":"<p><strong><a href=\"\/perry\/files\/2019\/01\/Lec-18-Forwards-and-Futures.pdf\" target=\"_blank\" rel=\"noopener\">Lecture PDF<\/a><\/strong><\/p>\n<p>Lec 18-1: FT: Argentina in court to fight debt ruling<\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/Financial%20Times%20-%20Presscuttings.pdf\"><span style=\"font-weight: 400;\">FT article link<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/Financial%20Times%20-%20Presscuttings.pdf\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/hDsHi3wAirE\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n<p>Lec 18-2: Banking as advance clearing<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/Zy4u9k7aw24\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 18-3: Forwards versus futures<\/p>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/Normal_backwardation\"><span style=\"font-weight: 400;\">Normal Backwardation<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/readings\/Pages%20from%20hicks%3CValue%20and%20Capital%3E.pdf\"><span style=\"font-weight: 400;\">John Hicks Reference<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/readings\/Pages%20from%20hicks%3CValue%20and%20Capital%3E.pdf\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/4YVNeG8JHHM\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n<p>Lec 18-4: Forward contracts, fluctuations in value and final cash flow<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/sS7idgU2IoY\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 18-5: Futures contracts, fluctuations in value and daily cash flows<\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/readings\/Pages%20from%20Stigum.pdf\"><span style=\"font-weight: 400;\">Stigum Reference<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/readings\/Pages%20from%20Stigum.pdf\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/mFlb0CS2hIU\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n<p>Lec 18-6: Cash and carry arbitrage, defined<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/oo-kTCTcUEM\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 18-7: Cash and carry arbitrage, explained as liquidity risk<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/Q-N1s8zcBWQ\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 18-8: Cash and carry arbitrage, explained as counterparty risk<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/UBbbt6ZrW3Y\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 18-9: Cash and carry arbitrage, as a natural banking business<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/ySY8hRUF34k\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lecture PDF Lec 18-1: FT: Argentina in court to fight debt ruling FT article link Lec 18-2: Banking as advance clearing Lec 18-3: Forwards versus futures Normal Backwardation John Hicks Reference Lec 18-4: Forward contracts, fluctuations in value and final cash flow Lec 18-5: Futures contracts, fluctuations in value and daily cash flows Stigum Reference [&hellip;]<\/p>\n","protected":false},"author":15799,"featured_media":0,"parent":249,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/261"}],"collection":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/users\/15799"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/comments?post=261"}],"version-history":[{"count":2,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/261\/revisions"}],"predecessor-version":[{"id":415,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/261\/revisions\/415"}],"up":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/249"}],"wp:attachment":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/media?parent=261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}