The Saga of the First Stock Index Futures Contract Benchmarks, Models, and Learning资料.pdf

The Saga of the First Stock Index Futures Contract: Benchmarks, Models, and Learning Author(s): Sam Thomas Source: Journal of Money, Credit and Banking, Vol. 34, No. 3, Part 2: Declining Treasury Debt (Aug., 2002), pp. 767-808 Published by: Blackwell Publishing Stable URL: /stable/3270709 Accessed: 22/03/2010 00:58 Your use of the JSTOR archive indicates your acceptance of JSTORs Terms and Conditions of Use, available at /page/info/about/policies/terms.jsp. JSTORs Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at /action/showPublisher?publisherCode=black. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@. Blackwell Publishing is collaborating with JSTOR to digitize, preserve and extend access to Journal of Money, Credit and Banking. SAM THOMAS The Saga of the First Stock IndexFuturesContract: Models, and Benchmarks, Learning In the presence of imperfect, or perturbedbenchmarks,pricing based on relativevaluationor can be affected adversely. arbi