The large inflow of investment capital to commodity futures markets in the past decade has
generated a heated debate about whether financialization distorts commodity prices. Rather …

Research on oil markets conducted during the last decade has challenged long-held beliefs
about the causes and consequences of oil price shocks. As the empirical and theoretical …

With the acceleration of global energy transition and financialization, intense climate policy
uncertainty and financial speculation have significant impacts on the global energy market …

The nexus between extreme events and energy price risk is of great importance in energy
finance analysis due to the fact that those events generally exert strong impacts on energy …

It has been 40 years since the oil crisis of 1973/74. This crisis has been one of the defining
economic events of the 1970s and has shaped how many economists think about oil price …

It is widely understood that the real price of globally traded commodities is determined by the
forces of demand and supply. One of the main determinants of the real price of commodities …

There has been much interest in the causes of the steep decline in the Brent price of oil
between June and December 2014. Our analysis shows that more than half of this decline …

We develop a simple model of futures arbitrage that implies that if purchases by commodity
index funds influence futures prices, then the notional positions of the index investors should …

This paper develops a model with a tractable log‐linear equilibrium to analyze the effects of
informational frictions in commodity markets. By aggregating dispersed information about …

We examine the degree of causality and interdependencies between three commodities
(cocoa, Brent crude oil and gold) and three economic indicators (Bank of Ghana composite …