Generally labelled by the term financialisation of commodity markets, integration between traditional financial asset and futures markets has spurred discussions about its supposed detrimental effect. In a revenue management perspective, commodities processors’ resulting pricing policies may become more time-sensitive to physical quotations favouring potential instability in firm values. By using a recent developed multibreakpoint detection technique coupled with econometric Granger-causality, we attempt to contribute to existing literature by examining the direct relationships in the supposed influencing mechanism with a special focus on non-commercial activity.

Focacci A. (2019). Financialisation of the crude oil market: Do non-commercial traders influence spot prices?. INTERNATIONAL JOURNAL OF REVENUE MANAGEMENT, 11(1-2), 54-75 [10.1504/IJRM.2019.103024].

Financialisation of the crude oil market: Do non-commercial traders influence spot prices?

Focacci A.
2019

Abstract

Generally labelled by the term financialisation of commodity markets, integration between traditional financial asset and futures markets has spurred discussions about its supposed detrimental effect. In a revenue management perspective, commodities processors’ resulting pricing policies may become more time-sensitive to physical quotations favouring potential instability in firm values. By using a recent developed multibreakpoint detection technique coupled with econometric Granger-causality, we attempt to contribute to existing literature by examining the direct relationships in the supposed influencing mechanism with a special focus on non-commercial activity.
2019
Focacci A. (2019). Financialisation of the crude oil market: Do non-commercial traders influence spot prices?. INTERNATIONAL JOURNAL OF REVENUE MANAGEMENT, 11(1-2), 54-75 [10.1504/IJRM.2019.103024].
Focacci A.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/703653
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