Do Commodity Traders Herd?

We test for herding using data on aggregate trader positions for four commodities over 20 years. We show that while the positions of commodity traders are highly related, the relatedness falls short of herding. The cross-commodity relatedness in trader positions is almost entirely explained by common demand and supply factors. Copyright (c) 2008, The Eastern Finance Association.

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Year of publication:	2008
Authors:	Adrangi, Bahram ; Chatrath, Arjun
Published in:	The Financial Review. - Eastern Finance Association - EFA. - Vol. 43.2008, 3, p. 461-476
Publisher:	Eastern Finance Association - EFA

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005226808