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. Investors and speculators such as investment banks, hedge funds, mutual funds, etc. pay close attention to the price and …
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In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...
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prices. As with many natural resources price series, the arrival of new information can lead to unexpectedly rapid changes … metal price series is investigated, as well as time-varying volatility. The results demonstrate that allowing for jumps and … complex processes contributed to the fatness of the tails in the distribution of heavy metal price returns. …
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Risks related to commodity price volatility are a major thread to actors in commodity chains, particularly to … smallholder farmers in low income countries. Therefore, price setting and transmission within global commodity chains are of … crucial importance from a developmental and distributional perspective. With the end of global price stabilization mechanisms …
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