An analysis of illiquidity in commodity markets
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DOI: 10.1002/fut.22007
Abstract: We examine the liquidity premium demanded by hedgers and the insurance premium demanded by speculators. Our results indicate that both hedgers and speculators demand a higher premium in illiquid commodities, to provide insurance and liquidity,… read more here.
Keywords: premium; markets analysis; insurance premium; illiquid commodities ... See more keywords