Price formation in financialized commodity markets. The role of information
| Link(s) zu Dokument(en): | E-Medien Publikation |
|---|---|
| Hauptverfasser: | , , , |
| Format: | Monograph |
| Sprache: | Englisch |
| Veröffentlicht: |
United Nations
2011
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| Schlagworte: |
Inhaltsangabe:
- Note
- Table of contents
- List of tables
- List of figures
- Abbreviations
- Acknowledgements
- Executive summary
- 1. Motivation of this study
- 2. Price formation in commodity markets
- 2.1. Information and commodity price formation
- 2.2. The role of futures exchanges and OTC markets in commodity price formation
- 3. Recent evolution of prices and fundamentals
- 3.1. Crude oil
- 3.2. Selected food commodities
- 4. Financialization of commodity price formation
- 4.1. Financialization: definition, motivation, size and instruments
- 4.2. Categories of market participants
- 4.3. What is problematic about financialization?
- 4.4. Herd behaviour and the limits of arbitrage
- 4.5. The price effects of the financialization of commodity markets
- 4.6. Herding and its effects in different markets
- 4.7. Commodity prices and world business cycles
- 5. Field survey
- 5.1. Objectives
- 5.2. Choice of participants
- 5.3. Appoach
- 5.4. Results
- 5.4.1. Physical traders
- 5.4.2. Financial players
- 5.4.3. Others
- 5.5. Summary
- 6. Policy considerations and recommendations
- 6.1. Improving transparency in physical commodity markets
- 6.2. Improving transparency in futures and OTC commodity markets
- 6.3. Tighter regulation of financial investors
- 6.4. Price stabilization schemes and other mechanisms
- 7. Conclusions
- Annex
- Notes
- References
- Glossary