Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10009009219
Persistent link: https://www.econbiz.de/10009771883
Persistent link: https://www.econbiz.de/10009269782
Persistent link: https://www.econbiz.de/10009273405
Persistent link: https://www.econbiz.de/10011730849
The coincident rise in crude oil prices and increased number of financial participants in the crude oil futures market from 2000-2008 has led to allegations that “speculators” drive crude oil prices. As crude oil futures peaked at $147/bbl in July 2008, the role of speculators came under...
Persistent link: https://www.econbiz.de/10013134958
Abstract: The coincident rise in crude oil prices and increased numbers of financial participants in the crude oil futures market from 2000-2008 has led to allegations that "speculators" drive crude oil prices. As crude oil futures peaked at $147/bbl in July 2008, the role of speculators came...
Persistent link: https://www.econbiz.de/10013157978
We utilize detailed, trader level data to examine the role of speculators during the failure of Amaranth Advisors, Inc. We find that speculators serve as a stabilizing force during this period, maintaining or increasing long positions even while prices are falling. We develop two testable...
Persistent link: https://www.econbiz.de/10012904039
This paper reviews the more recent literature addressing different facets of speculation in commodity markets, including the role of speculators and the impact that financialization in recent years. While speculation and financialization can theoretically destabilize commodity markets, the...
Persistent link: https://www.econbiz.de/10013240211