Irwin, Scott H.; Garcia, Philip; Good, Darrel L.; … - In: Applied Economic Perspectives and Policy 33 (2011) 1, pp. 116-142
This paper evaluates the role that index funds have played in recent convergence problems of Chicago Board of Trade corn, soybean, and wheat futures contracts. These new market participants are widely considered to have inflated futures prices and/or expanded spreads between futures prices....