Global Commodity Markets - Price Volatility and Financialisation
A significant increase in the level and volatility of many commodity prices over the past decade has led to a debate about what has driven these developments. A particular focus has been on the extent to which they have been driven by increased financial investment in commodity derivatives markets. This article examines the factors behind the increase in the level and volatility of commodity prices. The available evidence suggests that while financial investors can affect the short-run price dynamics for some commodities, the level and volatility of commodity prices appear to be primarily determined by fundamental factors.
Volume (Year): (2011)
Issue (Month): (June)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Peter C. B. Phillips & Jun Yu, 2010. "Dating the Timeline of Financial Bubbles during the Subprime Crisis," Cowles Foundation Discussion Papers 1770, Cowles Foundation for Research in Economics, Yale University.
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"A Barrel of Oil or a Bottle of Wine; How Do Global Growth Dynamics Affect Commodity Prices?,"
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"The Long-Run Behavior of Commodity Prices: Small Trends and Big Variability,"
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Palgrave Macmillan, vol. 49(2), pages 1-2.
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- Vanessa Rayner & Emily Laing & Jamie Hall, 2011. "Developments in Global Food Prices," RBA Bulletin, Reserve Bank of Australia, pages 15-22, March.
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