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The Financialization of Commodity Markets / Ing-Haw Cheng, Wei Xiong.
- Format:
- Book
- Author/Creator:
- Cheng, Ing-Haw.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w19642.
- NBER working paper series no. w19642
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- The large inflow of investment capital to commodity futures markets in the last decade has generated a heated debate about whether financialization distorts commodity prices. Rather than focusing on the opposing views concerning whether investment flows either did or did not cause a price bubble, we critically review academic studies through the perspective of how financial investors affect risk sharing and information discovery in commodity markets. We argue that financialization has substantially changed commodity markets through these mechanisms.
- Notes:
- Print version record
- November 2013.
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