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lenders—has spurred a shift in U.S. investment away from industry and toward speculation, mainly in real estate but also in …
Persistent link: https://www.econbiz.de/10008679875
Persistent link: https://www.econbiz.de/10010741338
Inspired by the increasing evidence of financialization/speculation in commodity pricing, this paper constitutes a …
Persistent link: https://www.econbiz.de/10010616827
A significant increase in the level and volatility of many commodity prices over the past decade has led to a debate about what has driven these developments. A particular focus has been on the extent to which they have been driven by increased financial investment in commodity derivatives...
Persistent link: https://www.econbiz.de/10009146682
Financialization creates space for the financial sector in economies, and in doing so helps to raise the share of …
Persistent link: https://www.econbiz.de/10011122633
was caused by the increased financialization of oil futures markets, which in turn allowed speculation to become a major … empirical methodologies and discuss to what extent each approach sheds light on the role of speculation. We find that the … existing evidence is not supportive of an important role of speculation in driving the spot price of oil after 2003. Instead …
Persistent link: https://www.econbiz.de/10011084244
The unparalleled surge of the crude oil price after 2003 has triggered a heated scientific and public debate about its ultimate causes. Unexpected demand growth particularly from emerging economies appears to be the most prominently supported reason among academics. We study the price dynamics...
Persistent link: https://www.econbiz.de/10010581036
This paper investigates the causality between prices and index-based trading activity for twelve grain, livestock, and other soft commodity futures markets. We use panel Granger causality estimations based on SUR systems and Wald tests with market-specific bootstrap critical values in order to...
Persistent link: https://www.econbiz.de/10010602617
commodity markets), and financialization i.e., financial investors (portfolio investment and speculation) attitude. This paper … is an attempt to investigate for the evidence and impact of speculation on volatility of commodity prices in Indian … commodity markets. And, results exhibit that speculation has played decisive role in the commodity price bubble during the …
Persistent link: https://www.econbiz.de/10010957815
. Numerous recent studies provide novel evidence of this “financialization” and analyze the extent to which it helps explain an …
Persistent link: https://www.econbiz.de/10010535496