New types of non-trade related participation in commodity futures markets
AbstractThis paper explores the growing involvement of new types of non- commodity-sector-related players in commodity futures markets. This includes a discussion on the role of managed funds, the impact of the use of commodity warrants, and the direct involvement of banks. The impact of this new form of "speculation" on the price formation process on commodity futures markets is then examined, and conclusions are drawn as to the use of these markets by commodity sector actors.
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Bibliographic InfoPaper provided by EconWPA in its series Finance with number 0301004.
Length: 25 pages
Date of creation: 03 Jan 2003
Date of revision:
Note: Type of Document - pdf; pages: 25; figures: included. pdf file
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commodity futures market; futures; options; speculation; market efficiency;
Find related papers by JEL classification:
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-01-05 (All new papers)
- NEP-CFN-2003-01-05 (Corporate Finance)
- NEP-FIN-2003-01-05 (Finance)
- NEP-MFD-2003-01-05 (Microfinance)
- NEP-RMG-2003-01-05 (Risk Management)
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