Поиск по каталогу |
(строгое соответствие)
|
- Профессиональная
- Научно-популярная
- Художественная
- Публицистика
- Детская
- Искусство
- Хобби, семья, дом
- Спорт
- Путеводители
- Блокноты, тетради, открытки
The Financialization of Commodities. An analysis of the financialization process on the commodities markets with professionnals interviews
В наличии
Местонахождение: Алматы | Состояние экземпляра: новый |
Бумажная
версия
версия
Автор: Jean-Philippe Mazur
ISBN: 9783659783678
Год издания: 2016
Формат книги: 60×90/16 (145×215 мм)
Количество страниц: 92
Издательство: LAP LAMBERT Academic Publishing
Цена: 29185 тг
Положить в корзину
Способы доставки в город Алматы * комплектация (срок до отгрузки) не более 2 рабочих дней |
Самовывоз из города Алматы (пункты самовывоза партнёра CDEK) |
Курьерская доставка CDEK из города Москва |
Доставка Почтой России из города Москва |
Аннотация: This report provides an analysis of the financialization process on the commodity market. Methods of analysis include linear regression between prices and amount invested for each commodity using the CFTC Swap Dealer Report, VaR, moving averages computations and charts to support our purpose. The report finds the financialization evoked in the literature is not relevant to explain volatility. Swaps, options and futures help producers and buyers of commodity by providing liquidity and risk management. The report also investigates the fact that the law of supply and demand for commodities is disrupted because of a new use of commodities: Companies tend to abandon inventory costs, which renders obsolete the mean reverting theory, commodities are not use for their initial purpose to produce goods or feed people but more and more for other purpose such as hydrocarburants or pur speculative investment which is called the flight-to-investment. The example of gold is striking. Long term perspectives such as the increasing worldwilde population and an emerging middle class which put pressure on the price are approached.
Ключевые слова: CFTC, Commodities, ETF, Index Fund, futures contracts, convenience yield, theory of storage, mean reverting, financialization, swap dealers, soft commodities, commercial traders