미국산 옥수수의 한국선물거래소 상장 타당성 분석

• 영문명: Feasibility Analysis on the Listing U.S. Feed Corn in Korean Futures Market
• 발행기관: 개인저작물
• 저자명: 양승룡 임성수 홍성규
• 간행물 정보: 『개인저작물 - 사회』제28권 제4호, 717~741쪽, 전체 25쪽
• 주제분류: 사회과학 > 개인저작물
• 파일형태: PDF
• 발행일자: 2001.12.01

영문 초록

The purpose of this study is to examine whether it would be feasible to list the U.S. feed corn in Korean Futures Exchange(KOFEX). For this purpose the relationships between the seven factors such as the degree of feed corn price fluctuation, the structure of futures market, the scale of physical feed corn market, the expected demand of futures market, the pricing mechanism of feed corn, the standardization and grading of feed corn, and government intervention in the market were analyzed. As results, the five factors such as price fluctuation, the market structure, the pricing mechanism, the standardization and grading, and government intervention in the market were analyzed. As results, the five factors such as price fluctuation, the market structure, the pricing mechanism, the standardization and grading, and government intervention were proved to be positive in listing US feed corn in Korean futures market possible, while the other two factors such as the demand of futures market, and the scale of physical corn market to be neutral. As a whole it could be concluded that it would be feasible to list the US feed corn in Korean futures market, subject to construct the infrastructure of the futures market through training and education and public relation programs. It would also be recommended to systemize the transactions mostly similar to the conventional physical markets, thereby attracting the interests of the conventional traders, and to design the commodity contracts enough to motivate as many investors as possible. In addition, continuous studies on this subject would be highly requested.

키워드

U.S. Corn Korean Futures Exchange