全球智库信息集成服务系统(G2TT): Assessing the Financialization Hypothesis

G2TT

来源类型	Papers
规范类型	报告
DOI	https://doi.org/10.26889/9781907555619
	Assessing the Financialization Hypothesis
	Bassam Fattouh; Lavan Mahadeva
发表日期	2012-12-04
出版年	2012
页码	13
语种	英语
概述	The main objectives of this paper are to assess whether financialization can impact oil market behaviour over and above structural fundamental changes, and whether these changes affect final consumers’ welfare. While shifts arising in financial investors’ preferences and wealth can explain the rise in participation of purely financial investors, they fail to explain key features […]
摘要	The main objectives of this paper are to assess whether financialization can impact oil market behaviour over and above structural fundamental changes, and whether these changes affect final consumers’ welfare. While shifts arising in financial investors’ preferences and wealth can explain the rise in participation of purely financial investors, they fail to explain key features such as the movements in the basis. Instead, anticipated changes in the physical layer of the oil market can better explain many of the features often attributed to financialization. We also find that greater financialization has no harmful effects on consumer welfare. Our paper shows that from a regulatory point of view, it is crucial in the first instance to identify the channels through which financialization can result in market failure and then design policies accordingly.
主题	Finance ; Oil ; Oil & Middle East Programme
关键词	Financialization Oil speculation WPM 49 WPM49
URL	https://www.oxfordenergy.org/publications/assessing-the-financialization-hypothesis/
来源智库	Oxford Institute for Energy Studies (United Kingdom)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/312240
推荐引用方式 GB/T 7714	Bassam Fattouh,Lavan Mahadeva. Assessing the Financialization Hypothesis. 2012.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
WPM_49.pdf（1189KB）	智库出版物		限制开放	CC BY-NC-SA	浏览