Analysis of the Behaviour of Futures Trading in NYMEX (1986-2010) with Regard to Varations in the Level and Volatility of Crude Oil Prices
This paper examines the relationship between the volatility of WTI prices and the open interest volumes (OIV) in NYMEX using a VAR model for the period 1986-2010. The results from the estimated model imply the existence of a causal relationship from OIV to the price volatility of WTI. Based on the...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2011-06-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
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| Online Access: | https://ijer.atu.ac.ir/article_3197_8c03c2def61a62981c7b6f0d75bfd65e.pdf |