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The deepening of the recent crisis was driven by the simultaneous devaluation of stock wealth, housing wealth and commodity wealth. The potential for this devaluation process had been "built up" during the boom of stock prices, house prices and commodity prices between 2003 and 2007. Hence, this...
Persistent link: https://www.econbiz.de/10011435285
from the supply side, biofuel production from the demand side, and speculation in commodity futures from the market side … speculation in commodity futures are not yet well understood. However, speculative trading in commodity futures should not be … nonmarket contexts that guide the behavioral and strategic choices of speculators. Whereas speculation caused by manipulative …
Persistent link: https://www.econbiz.de/10010323663
In standard auctions with symmetric, independent private value bidders resale creates a role for a speculator - a bidder who is commonly known to have no use value for the good on sale. For second-price and English auctions the efficient value-bidding equilibrium coexists with a continuum of...
Persistent link: https://www.econbiz.de/10010263133
This article explores nonlinearities in the response of speculators' trading activity to price changes in live cattle, corn, and lean hog futures markets. Analyzing weekly data from March 4, 1997 to December 27, 2005, we reject linearity in all of these markets. Using smooth transition...
Persistent link: https://www.econbiz.de/10010266873
The idea of introducing a general financial transaction tax (FTT) has recently attracted rising attention. There are three reasons for this interest: First, the economic crisis was deepened by the instability of stock prices, exchange rates and commodity prices. This instability might be...
Persistent link: https://www.econbiz.de/10011435269
-society organizations, that index funds via their financial speculation with agricultural commodities have caused the food crisis in 2007 …
Persistent link: https://www.econbiz.de/10011733826
This article argues that financial market speculation with agricultural commodities is both valuable from an economic … to prohibit such speculation. However, this would be detrimental to the moral goal of improving the global food supply. …
Persistent link: https://www.econbiz.de/10011733829
Several civil-society organizations demand to outlaw specific financial market speculation with agricultural … claim by civil society organizations to drastically reduce or even prohibit financial speculation with agricultural …
Persistent link: https://www.econbiz.de/10011733831
This article sketches an ethics of (financial) speculation in futures markets. (1) It identifies an intentionalistic … fallacy prevalent in moral criticisms of speculation in general and of financial speculation in particular. (2) It scrutinizes … the degree to which the recent debate on financial speculation with agricultural commodities follows the general pattern …
Persistent link: https://www.econbiz.de/10011733863
overview on the public debate about financial speculation with agricultural commodities. Furthermore, it sketches some basic …
Persistent link: https://www.econbiz.de/10011733876