Büyükşahin, Bahattin; Robe, Michel A. - In: Journal of International Money and Finance 42 (2014) C, pp. 38-70
We use a unique, non-public dataset of trader positions in 17 U.S. commodity futures markets to provide novel evidence on those markets' financialization in the past decade. We then show that the correlation between the rates of return on investible commodity and equity indices rises amid...