An update on speculation and financialization in commodity markets

Naomi E. Boyd, Jeffrey Harris and Bingxin Li

Journal of Commodity Markets, 2018, vol. 10, issue C, 91-104

Abstract: This paper reviews the more recent literature addressing different facets of speculation in commodity markets, including the role of speculators and the impact that financialization in recent years. While speculation and financialization can theoretically destabilize commodity markets, the extant literature finds little evidence of destabilization and documents that speculators largely provide liquidity to hedgers. Moreover, recent concern that commodity index trading leads to price distortions has little support in the data.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (40)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2405851317300405
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jocoma:v:10:y:2018:i:c:p:91-104

DOI: 10.1016/j.jcomm.2018.05.005

Access Statistics for this article

Journal of Commodity Markets is currently edited by Marcel Prokopczuk, Betty Simkins and Sjur Westgaard

More articles in Journal of Commodity Markets from Elsevier
Bibliographic data for series maintained by Catherine Liu ().