Showing 1 - 10 of 28
commodity markets), and financialization i.e., financial investors (portfolio investment and speculation) attitude. This paper … is an attempt to investigate for the evidence and impact of speculation on volatility of commodity prices in Indian … commodity markets. And, results exhibit that speculation has played decisive role in the commodity price bubble during the …
Persistent link: https://www.econbiz.de/10010308546
Financialization creates space for the financial sector in economies, and in doing so helps to raise the share of financial assets in the portfolios held by market participants. Largely driven by deregulation, the process works to make financial assets relatively attractive as compared to other...
Persistent link: https://www.econbiz.de/10010513046
The unparalleled surge of the crude oil price after 2003 has triggered a heated scientific and public debate about its ultimate causes. Unexpected demand growth particularly from emerging economies appears to be the most prominently supported reason among academics. We study the price dynamics...
Persistent link: https://www.econbiz.de/10011753232
This paper explores from a historical perspective the process of financialization over the course of the 20th century. We identify four phases of financialization: the first, from the 1900s to 1933 (early financialization); the second, from 1933 to 1940 (transitory phase); the third, between...
Persistent link: https://www.econbiz.de/10011784659
was caused by the increased financialization of oil futures markets, which in turn allowed speculation to become a major … empirical methodologies and discuss to what extent each approach sheds light on the role of speculation. We find that the … existing evidence is not supportive of an important role of speculation in driving the spot price of oil after 2003. Instead …
Persistent link: https://www.econbiz.de/10011084244
Financialization creates space for the financial sector in economies, and in doing so helps to raise the share of financial assets in the portfolios held by market participants. Largely driven by deregulation, the process works to make financial assets relatively attractive as compared to other...
Persistent link: https://www.econbiz.de/10011122633
commodity markets), and financialization i.e., financial investors (portfolio investment and speculation) attitude. This paper … is an attempt to investigate for the evidence and impact of speculation on volatility of commodity prices in Indian … commodity markets. And, results exhibit that speculation has played decisive role in the commodity price bubble during the …
Persistent link: https://www.econbiz.de/10010957815
In the past decade, financial institutions have assumed an ever greater role in energy derivatives (or “paper”) markets. Numerous recent studies provide novel evidence of this “financialization” and analyze the extent to which it helps explain an important aspect of the distribution of...
Persistent link: https://www.econbiz.de/10010535496
The unparalleled surge of the crude oil price after 2003 has triggered a heated scientific and public debate about its ultimate causes. Unexpected demand growth particularly from emerging economies appears to be the most prominently supported reason among academics. We study the price dynamics...
Persistent link: https://www.econbiz.de/10010581036
A significant increase in the level and volatility of many commodity prices over the past decade has led to a debate about what has driven these developments. A particular focus has been on the extent to which they have been driven by increased financial investment in commodity derivatives...
Persistent link: https://www.econbiz.de/10009146682