IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-030-15581-0_6.html
   My bibliography  Save this book chapter

Impact of Macroeconomic and Financial Factors on the Commodity Price Indexes in the Context of Financialization

In: Contemporary Trends and Challenges in Finance

Author

Listed:
  • Bogdan Włodarczyk

    (University of Warmia and Mazury)

  • Marek Szturo

    (University of Warmia and Mazury)

Abstract

The most visible feature of the financialization of commodity markets is probably a significant increase in the strength of correlation between market parameters, in relation to commodity and financial markets. Another financial aspect concerns the rates of return and the volatility of spot prices on commodities. In this context, the purpose of the article is to determine the impact of selected macroeconomic and financial factors on the value of price indices of commodity markets. This will allow us to attempt to address the research problem, which is to determine the scale of the impact of the financial factors on commodity markets. On the basis of the conducted research, it was found that the prices of a relatively small number of commodities are exclusively related to the factor related to the stock market. However, the largest group of commodity indexes is associated with both variables representing macroeconomic and financial fields. Considering the above, it can be concluded that the process of financialization of commodity markets has become real, but it has not dominated all commodity markets so far.

Suggested Citation

  • Bogdan Włodarczyk & Marek Szturo, 2019. "Impact of Macroeconomic and Financial Factors on the Commodity Price Indexes in the Context of Financialization," Springer Proceedings in Business and Economics, in: Krzysztof Jajuga & Hermann Locarek-Junge & Lucjan T. Orłowski & Karsten Staehr (ed.), Contemporary Trends and Challenges in Finance, pages 59-68, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-15581-0_6
    DOI: 10.1007/978-3-030-15581-0_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-030-15581-0_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.