Food security has become an issue of serious concern because global food supplies are threatened by systemic collapse. increasing demand for food caused by global population growth, changing lifestyles in developing countries, climate change and competition with bio fuels are combining to create a ‘perfect storm’ (godfray et al, 2010). Moreover, short-term weather pattern changes leading to flo...

This paper demonstrates that investor irrationality can be contagious across markets. Supplementing existing studies on resale option theory, we illustrate that warrant speculation could spill over to the underlying stock market. Our findings indicate that high turnover of underlying stocks is associated with previous day’s high unexpected turnover of warrants, or previous day’s larger price de...

The effects of a Tobin tax on foreign exchange markets have long been disputed. We present an experiment with currency trading on two markets, where either none, one, or both markets are taxed. Our results confirm the hitherto undisputed issues: a tax reduces trading volume, shifts market share to untaxed markets, and leads to negligible tax revenues if tax havens exist. Concerning the controve...

We construct a set of HAR models with three types infinite Hidden Markov regime-switching structures. In particular, jumps, leverage effects, and speculation effects are all taken into account in the realized volatility modeling. forecast five agricultural commodity futures (Corn, Cotton, Indica rice, Palm oil Soybeans) based on high-frequency data from Chinese markets, evaluate performances us...

Reputation Speculation behavior means that the buyers and sellers collaborate with each other to make fake transaction and give positive feedbacks in order to raise reputation level of online shops. This paper finds that reputation speculation is widely adopted and becomes an industry in China, making the consumers distrust the reputation of online stores, which is not conducive for the long-te...

We study the dependence of renewable energy production-related critical metal futures and producer equity returns, compared to non-renewable (oil natural gas) some other globally relevant commodity markets. find different asymmetric symmetric dependencies in these The is most important markets, i.e., silver, copper, platinum. Still, surprisingly, for example, oil market, relationship symmetric,...