738                                                     21

John C. Hull, Options, Fututres, and Other Derivative Securities (Englewood Cliffs, NJ:

Prentice Hall, 1993).

Hans R. Stoll and Robert E. Whaley, Fututres and Options (Cincinnati, OH: South-Western,

1993).

Robert T. Daigler, Financial Futures and Markets: Concepts and Strategies (New York:

HarperCollins, 1994).
Robert W. Kolb, Understanding Futures Markets (Miami, FL: Kolb, 1994).

2.      .  :

Sanford J. Grossman and Merton H. Miller, Liquidity and Market Structure, Journal of
Finance, 43, no. 3 (July 1988), pp. 617-633.

Michael J. Fishman and Francis A. Longstaff, Dual Trading in Futures Markets, Journal
of Finance, 47, no. 2 (June 1992), pp. 643-671.

3.       .  :

Robert W. Kolb, Gerald D. Gay, and William C. Hunter, Liquidity Requirements for

Financial Futures Investments, Financial Analysts Journal, 41, no. 3 (May/June 1985),

pp. 60-68.

Don M. Chance, The Effect of Margins on the Volatility of Stock and Derivative Markets: A

Review of the Evidence, Monograph Series in Finance and Economics no. 1990-2, New

York University Salomon Center, Leonard N. Stern School of Business.

Ann Kremer, Clarifying Marking to Market, Journal of Financial Education, 20 (November

1991), pp. 17-25.

4.       :

Martin L. Leibowitz, The Analysis of Value and Volatility in Financial Futures, Monograph
Series in Finance and Economics no. 1981-3, New York University Salomon Centre,
Leonard N. Stern School of Business.

5.     :

J. Orlin Grabbe, International Financial Markets (New York: Elsevier Science, 1991),
Part II.

6.    ,      -
  :

Robert W. Kolb and Gerald D. Gay, Immunizing Bond Portfolios with Interest Rate
Futures, Financial Management, 11, no. 2 (Summer 1982), pp. 8189.
Jess B. Yawitz and William J. Marshall, The Use of Futures in Immunized Portfolios,
Journal of Portfolio Management, 11, no. 2 (Spring 1985), pp. 51-58.

7.       -
  :

Richard Bookstaber and David P. Jacob, The Composite Hedge: Controlling the Credit
Risk of High-Yield Bonds, Financial Analysts Journal, 42, no. 2 (March/April 1986),
pp. 25-35.

Robin Grieves, Hedging Corporate Bond Portfolios, Journal of Portfolio Management,
12, no. 4 (Summer 1986), pp. 23-25.

8.             1987 . -
  .   :

Paula A. Tosini, Stock Index Futures and Stock Market Activity in October 1987, Financial

Analysts Journal, 44, no. 1 (January/February 1988), pp. 28-37.

F. J. Gould, Stock Index Futures: The Arbitrage Cycle and Portfolio Insurance, Financial

Analysts Journal, 44, no. 1 (January/February 1988), pp. 48-62.

Lawrence Harris, The October 1987 S&P 500 Stock-Futures Basis, Journal of Finance,

44, no. 1 (March 1989), pp. 77-99.