Forward Freight Agreements and Market Transparency in the Capesize Sector
We investigate the connection between the trading of Forward Freight Agreements (FFAs) and its microstructure effects in the volatility of the spot freight market in the Capesize dry-bulk sector of oceangoing vessels. Conditional volatility models are used to capture the volatility effects in the fr...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2019-09-01
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| Series: | Asian Journal of Shipping and Logistics |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2092521219300471 |