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Implications of regulating commodity derivatives markets in the USA and EU

Author

Listed:
  • Jayati Ghosh

    (Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi, India.)

Abstract

The argument for effective financial regulation to curb financial activity and associated volatility in primary commodity markets is now more compelling than ever, in the context of the renewed increase in food prices. However, as in much other financial regulation, the devil is in the detail. This paper considers recent patterns in global food markets and discusses some of the implications of recent moves to regulate financial activity in commodity futures markets in the US and the EU. Specific regulatory issues are considered and alternative strategies are considered.

Suggested Citation

  • Jayati Ghosh, 2011. "Implications of regulating commodity derivatives markets in the USA and EU," PSL Quarterly Review, Economia civile, vol. 64(258), pages 287-304.
    • Handle: RePEc:psl:pslqrr:2011:36
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9413/9308
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    References listed on IDEAS

    as
    1. Christopher L. Gilbert, 2010. "How to Understand High Food Prices," Journal of Agricultural Economics, Wiley Blackwell, vol. 61(2), pages 398-425, June.
    2. Baffes, John & Haniotis, Tassos, 2010. "Placing the 2006/08 commodity price boom into perspective," Policy Research Working Paper Series 5371, The World Bank.
    3. Hernandez, Manuel A. & Torero, Máximo, 2010. "Examining the dynamic relationship between spot and future prices of agricultural commodities," IFPRI discussion papers 988, International Food Policy Research Institute (IFPRI).
    4. Christopher L. Gilbert, 2010. "Speculative Influences On Commodity Futures Prices 2006-2008," UNCTAD Discussion Papers 197, United Nations Conference on Trade and Development.
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    Cited by:

    1. Alessandro Roncaglia, 2011. "Introduction," PSL Quarterly Review, Economia civile, vol. 64(258), pages 189-191.
    2. Girardi, Daniele, 2012. "Do financial investors affect the price of wheat?," MPRA Paper 40285, University Library of Munich, Germany.
    3. Cagatay Basarir & Mehmet Fatih Bayramoglu, 2018. "Global Macroeconomic Determinants of the Domestic Commodity Derivatives," Contributions to Economics, in: Hasan Dincer & Ümit Hacioglu & Serhat Yüksel (ed.), Global Approaches in Financial Economics, Banking, and Finance, chapter 0, pages 331-349, Springer.
    4. Di Bucchianico, Stefano, 2019. "The Impact of Financialization on the Rate of Profit: A Discussion," Centro Sraffa Working Papers CSWP36, Centro di Ricerche e Documentazione "Piero Sraffa".
    5. Stefano Di Bucchianico, 2020. "A note on financialization from a Classical-Keynesian standpoint," Department of Economics University of Siena 824, Department of Economics, University of Siena.

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    More about this item

    Keywords

    Finance; Commodities; Food;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative

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