全球智库信息集成服务系统(G2TT): Index Investment and Financialization of Commodities

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w16385
来源ID	Working Paper 16385
	Index Investment and Financialization of Commodities
	Ke Tang; Wei Xiong
发表日期	2010-09-23
出版年	2010
语种	英语
摘要	This paper finds that, concurrent with the rapid growing index investment in commodities markets since early 2000s, futures prices of different commodities in the US became increasingly correlated with each other and this trend was significantly more pronounced for commodities in the two popular GSCI and DJ-UBS commodity indices. This finding reflects a financialization process of commodities markets and helps explain the synchronized price boom and bust of a broad set of seemingly unrelated commodities in the US in 2006-2008. In contrast, such commodity price comovements were absent in China, which refutes growing commodity demands from emerging economies as the driver.
主题	Financial Economics ; Financial Markets
URL	https://www.nber.org/papers/w16385
来源智库	National Bureau of Economic Research (United States)
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/574060
推荐引用方式 GB/T 7714	Ke Tang,Wei Xiong. Index Investment and Financialization of Commodities. 2010.