Securitization of the Commodity Market. The Impact of Investing in Commodities on the Dynamics of Mineral Prices

Секьюритизация сырьевого рынка. Влияние инвестирования в сырьевые товары на динамику цен полезных ископаемых

Kaznacheev, Peter (Казначеев, Петр) (), Baffo, Raphael (Баффо, Рафаэль) (), Nikola Kjurchiski () and Samoilova (Bazaleva), Regina (Самойлова, Регина) ()
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Kaznacheev, Peter (Казначеев, Петр): Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Baffo, Raphael (Баффо, Рафаэль): Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Samoilova (Bazaleva), Regina (Самойлова, Регина): Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: Since the beginning of the so-called "securitization" (or "financialization") of commodities market, the impact of institutional investors (hedge funds, pension funds, etc.) on the pricing of these goods has greatly increased. Therefore, in order to forecast prices, it is important to understand how the mood of institutional investors influences the volatility of commodity prices. This will enable to improve the quality of planning (both public and corporate) in the resource economies. This paper presents a review of studies and analysis on this topic, where number of conclusions is provided regarding the effect of commodity investments (commodity futures, commodity indexes and funds) on changes in the prices of commodities.

Keywords: СЫРЬЕВОЙ РЫНОК; ИНВЕСТИРОВАНИЕ; СЫРЬЕВЫЕ ИНДЕКСЫ; СЫРЬЕВЫЕ ФОНДЫ; ЦЕНЫ ПОЛЕЗНЫХ ИСКОПАЕМЫХ; СЕКЬЮРИТИЗАЦИЯ; финансиализация; COMMODITY MARKET; INVESTMENT; COMMODITY INDEX; COMMODITY FUND; COMMODITY PRICES; SECURITIZATION; FINANCIALIZATION (search for similar items in EconPapers)
Pages: 25 pages
Date: 2017-04
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:wpaper:041731

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