Serra, Teresa; Zilberman, David - Agricultural and Applied Economics Association - AAEA - 2009
Our paper looks at how price volatility in the Brazilian ethanol industry changes over time and across markets by using … volatility. Increased volatility in crude oil markets results in increased volatility in ethanol markets. Ethanol prices, on the … other hand, influence sugar price levels and an increase in their volatility levels also impacts, though less strongly, on …