-form GARCH-in-mean model assigned to six globally leading financial markets. The obtained results support Keynes's theory - the …

What is the role of financial speculation in determining the real oil price? We find that while macroeconomic shocks … a much larger role for financial shocks than previously noted in the literature. -- Oil Price ; Financial speculation …

focused on the definition of speculation while others examined the relationship between oil prices and the behavior of trading … actors. In this paper, we formulate a new theory able to describe "hedging needs" as well as the role of speculators in the … shale oil production, the importance of speculation in ensuring an equilibrium in the US crude oil market has consequently …

CCC and DCC multivariate GARCH models, we find that financial speculation is poorly significant in modelling returns in … ; Futures Markets ; Financial Speculation ; Multivariate GARCH …