Economic imperatives of financialization of agricultural commodity markets
نویسندگان
چکیده
Purpose. The purpose of the article is to substantiate theoretical and methodological foundations economic feasibility intensifying processes financialization business model Ukrainian grain producers, in particular through formation futures market creation commodity exchange Ukraine. 
 Methodology / approach. In article, it clarified concept as one global trends development that provides deep integration financial real economy on macro- micro levels. Hedge effectiveness price risks for (wheat corn) using contracts traded CME Group Euronext evaluated regression analysis. wheat corn FOB volatility 2016–2021 marketing years estimated. dynamics basis respective are analyzed. Results. analysis securitization index agricultural markets has shown an increase its rate. main reasons this process were deepening integration, deregulation introduction new instruments. structure Ukraine analyzed, particularly role holdings international companies. tendencies determinants prices during year revealed. Regression hedge all considered suitable CPT hedging highest was revealed Black Sea Corn Financially Settled (Platts) Futures) (CME Group) Milling Wheat Ble de Meunerie (Euronext Matif). Short efficiency supported by contracts. Originality scientific novelty. Based financialization, positive negative consequences strengthening peculiarities functioning modern Ukraine, imperatives derivatives, objectively determined trend market, substantiated. evaluation derivatives exchanges gained further development.
 Practical value implications. It proposed intensify tools usage risk order cover interests participants. Risk management instruments available producers discussed.
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ژورنال
عنوان ژورنال: Agricultural and resource economics
سال: 2022
ISSN: ['2414-584X']
DOI: https://doi.org/10.51599/are.2022.08.03.01