VIX futures prices rose slowly in late February and early March 2020 as the COVID-19 pandemic took hold. Futures price premiums, defined as futures prices minus real-time statistical forecasts of future VIX values, turned sharply negative and remained negative until mid-April. Trading strategies...

Starting from analyzing the use of goods, this paper discussed the Non-excludability and Non-rivalry characteristics of the goods in four assumed occasions based on different using methods and directions among users. It holds that Non-excludability and Non-rivalry are neither the objective...

New-classical paradigm public goods theory holds that non-exclusivity and non-competitiveness are the objective attributes of public goods. However, in reality, it is difficult to find a good which is strictly non-exclusive and non-competitive. Trading paradigm theory holds that the...

New-classical paradigm public goods theory holds that the Non-excludability and Non-rivalry are the objective attributes of public goods. However, in reality, it is difficult to find a good which is strictly Non-excludability and Non-rivalry. Trading paradigm theory holds that the...

This article investigates the pricing of volatility risk in agricultural commodity markets. We show theoretically that the cost of bearing volatility risk can be measured using returns to delta-neutral straddles. Using a sample of options for five commodities (corn, soybeans, Chicago wheat, live...

Annual rebalancing of the S&P GSCI index provides a novel and strong identification to estimate the shape of supply curves for commodity futures contracts. Using the 24 commodities included in the S&P GSCI for 2004–2017, we show that cumulative abnormal returns (CARs) reach a peak of 59 basis...

Russian Abstract: В рамках статьи рассмотрены проблемы реализации производственных программ для развития промышленности Китая. Представлены ключевые особенности...

Annual rebalancing of the S&P GSCI provides a novel identification of the impact of predictable order flows from index investors in commodity futures markets. Using the 24 commodities included in the S&P GSCI for 2004–2019, we show that cumulative abnormal returns to a long-short strategy...

One of the most controversial concerns among the researchers is the expansion of the green bond markets, so as to reduce environmental pollution. The present study estimates the factors that help drive the global green bond markets, such as energy prices, gold prices, and green energy stocks....

This paper finds that, concurrent with the rapid growing index investment in commodities markets since early 2000s, futures prices of different commodities in the US became increasingly correlated with each other and this trend was significantly more pronounced for commodities in the two popular...