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of speculation. URL:[https://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000270746.pdf]. …
Persistent link: https://www.econbiz.de/10009002236
” for five currency combinations. The co-integration analysis suggests that speculation has played a minor role and …
Persistent link: https://www.econbiz.de/10005481541
The aim of this study is to identify the factors which influence the dynamic of oil prices. Analysis by co-integration … Error Correction Model (VECM) identifying a relationship of co-integration between real prices of oil and factors that … introduction of variants future prices with a maturity 2,3 and 4 months supposed to capture the effect of speculation upon the …
Persistent link: https://www.econbiz.de/10010629544
This paper studies the factors behind pro-cyclical but widely varying construction shares (as a percent of GDP) across countries, with a strong focus on European countries. Using a dataset covering 48 countries (including advanced and emerging economies within and outside Europe) for 1990-2011,...
Persistent link: https://www.econbiz.de/10010790411
Persistent link: https://www.econbiz.de/10004706392
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market fundamentals are imposing stronger impacts on EUA price formation while the impact from speculation has weakened …
Persistent link: https://www.econbiz.de/10009352893
jointly endogenous and a reduced form vector error correction model, testing for cointegration amongst the variables, is … wanted to limit speculation in the oil market, it should keep the shorter-term futures contracts and eliminate the more …
Persistent link: https://www.econbiz.de/10005837084
We present evidence showing the existence of stable cointegrating vectors connecting four important variables in the U.S. and global oil markets: oil production, stocks of crude oil, the real price of oil, and broad measures of income. Our data are monthly, and go back to the 1930s, split into...
Persistent link: https://www.econbiz.de/10010743970
Persistent link: https://www.econbiz.de/10002267619