01674cas a2200241 a 4500 AALejournalIMF008644 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451932553 1018-5941 BD-DhAAL BD-DhAAL Scott, Louis. The Information Content of Prices in Derivative Security Markets / Louis Scott. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Prices in futures markets and option markets reflect expectations about future price movements in spot markets, but these prices can also be influenced by risk premia. Futures and forward prices are sometimes interpreted as market expectations for future spot prices, and option prices are used to calculate the market's expectations for future volatility of spot prices. Do these prices accurately reflect market expectations? The purpose of this paper is to examine the information that is reflected in futures prices and option prices. The issue is examined by reviewing both the relevant analytical models and the empirical evidence. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/132 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/132/001.1991.issue-132-en.xml IMF e-Library