منابع مشابه
Index Investment and the Financialization of Commodities
The authors found that, concurrent with the rapidly growing index investment in commodity markets since the early 2000s, prices of non-energy commodity futures in the United States have become increasingly correlated with oil prices; this trend has been significantly more pronounced for commodities in two popular commodity indices. This finding reflects the financialization of the commodity mar...
متن کاملA Model of Financialization of Commodities
A sharp increase in the popularity of commodity investing in the past decade has triggered an unprecedented inflow of institutional funds into commodity futures markets. Such financialization of commodities coincided with significant booms and busts in commodity markets, raising concerns of policymakers. In this paper, we explore the effects of financialization in a model that features institut...
متن کاملFinancial Crisis and Financialization Acuity on the Diversification Benefits of Commodities: a Stochastic Asset Allocation Framework
This research investigates the portfolio diversification benefits of commodities in the backdrop of uncertainty caused by the financial crisis, increased Financialization and speculation in commodity markets. Portfolios are formed out of varied asset classes comprise of equity, bond, infra structure, commodity spot & futures indices and sectoral indices such as agri, metals and energy sectors o...
متن کاملReal E ects of Financialization
The paper aims to investigate the real e ects of nancialization of commodities markets. We document that nancialization took a form of investment in short-term futures contracts that require regular replacement. Thus, nancialization exposes the nancial market to the stream of demand shocks, associated with replacement activity. If arbitrage is limited by risk aversion of nancial traders, the sh...
متن کاملThe problematics of financialization: Critical reflections
Andersson et al. (this issue) add to developing literature on financialization in reflecting on the bio-pharma industry. Their theorising is both an account of a process of financialization and a problematisation with a substantive resonance. The concern here is to contribute to a critical appreciation of the problematics of financialization through reflecting upon the developing thesis as indi...
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ژورنال
عنوان ژورنال: Contemporary Economics
سال: 2011
ISSN: 1897-9254
DOI: 10.5709/ce.1897-9254.24