Data/hora: 09/06/2024 03:52:40

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | Discussion: Commodity Price Discovery: Problems That Have Solutions or Solutions That Are Problems
Autores: | Fortenbery,   T. Randall.
Data: | 2009-08-01
Ano: | 2009
Palavras-chave: | Futures markets; Hedging; Price risk; Risk management; Speculation; Agribusiness; Agricultural Finance; Marketing; Risk and Uncertainty; G13; Q11; Q13; Q14.
Resumo: | This paper examines three invited papers focused on commodity prices. Public responses to high nominal commodity prices and perceived increases in price risk have ranged from attempts to assign blame, attempts to change contracting arrangements, and development of public policy that ‘‘protects’’ the market from future occurrences of unacceptable behavior. Interestingly, a result of increased commodity price volatility has suggested that futures markets no longer ‘‘work.’’ This is ironic given that futures markets initially came into existence as tools for managing the negative impacts of commodity price risk. In response to perceptions of market failure some are looking for strategies to regulate the who and how of futures trading.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/53084
Relação: | Journal of Agricultural and Applied Economics&gt;Volume 41, Number 02, August 2009