commodity derivatives markets. First, this variable restores the non arbitrage relationship between the prices of the underlying …

A number of countries have recently responded to high and volatile commodity prices by setting up commodity funds. In … commodity funds and discuss incentives that can be used to ensure that commodity risk is managed with greater efficiency and …

This review article describes the main contributions in the literature on term structure models of commodity prices … traditional theories of commodity prices and to their explanation of the relationship between spot and futures prices. The … structure models of commodity prices. The presentation shows that these models differ on the nature and the number of factors …

attractive, thanks to fairly effective reciprocal hedging during periods of market stress. It delivers enhanced absolute and risk …

The paper aims at qualifying the links between labor-market-institutions, taxation, tax monitoring, and underground … economic activity. The proposed model is a continuous time matching model with one commodity roduced either overground or … the government. Vacancies and workers search are directed at a specific labor market. Workers are heterogenous in the …

In this study, we test the size and the book to market effects in explaining stock returns with co-skewness and co …-kurtosis on the French Stock Market over July 1976 to June 2001 period. Results of time series regressions of monthly portfolio …