We propose and test a theory of using commodities as collateral for financing. Under capital control and collateral … constraint, investors import commodities and pledge them as collateral to earn higher expected returns. Higher collateral demands … from eight commodities in China and developed markets supports the theoretical predictions. Our findings complement the …

the prices they are willing to trade at. Models for prices of commodities attempt to capture three stylized features …

: commodity market dynamics, commodities and the business cycle, and commodities and fundamental value. The key original approach …. Information on market trends of commodities is presented in the first part, with a strong emphasis on the quantitative treatment … Commodity Risk Premium -- 1.2 Understanding Commodities' Momenta -- 1.2.1 Persistence of Shocks in Commodities -- 1.2.2 The …

This study investigates the effects of oil price shocks on volatility of selected agricultural and metal commodities … power of oil shocks becomes stronger after the crisis. The different responses of commodities are described in detail by …