Keine erhöhte Volatilität auf Agrarmärkten durch Optionshandel

Sören Prehn (), Thomas Glauben, Tebbe Dannemann (), Bernhard Brümmer and Jens-Peter Loy ()

Wirtschaftsdienst, 2015, vol. 95, issue 4, 280-283

Abstract: Options trading is increasingly important in more volatile agricultural markets. Options allow for unilateral hedging of price risks, e.g. against falling prices, and are an indispensable risk management instrument for farmers and grain dealers. Concerns that soaring options trading could spark incremental volatility of international agricultural commodity prices have not been empirically verified to date. Econometric assessments for the MATIF grain maize market suggest that options trading does not have a volatility increasing effect. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Keywords: G1; G3; Q1 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s10273-015-1819-6

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