BHANUMURTHY, N. R.; DUA, PAMI; KUMAWAT, LOKENDRA - Centre for Development Economics, Delhi School of Economics - 2012
We analyze the impact of climate shocks on price formation in spot and futures market for food in India where until the recent introduction of commodity futures markets in 2005, the transmission of these shocks on short-term (spot) price movements was unclear. The existence of a futures market...