Kredit und Kapital


Author: Werner Ehrlicher,Helmut Lipfert

Publisher: N.A


Category: Capital

Page: N.A

View: 6135

Does speculation with agricultural commodity futures cause price bubbles in the event of negative production shocks?


Author: Tobias Thürer

Publisher: Logos Verlag Berlin GmbH

ISBN: 3832538763

Category: Agricultural prices

Page: 220

View: 8360

Since the mid 2000s, an increasing financialization of commodity futures markets is taking place. This has fueled an ongoing discussion about the effect of financial investments on the development of commodity prices. Against this background, the trading activities of financial speculators also come to the fore. There is the concern that such speculators can cause irrational overshootings of agricultural commodity prices, e.g. in the event of global production shocks. In such an event the decrease of total supply induces a price surge menacing food security in developing countries. Yet, the question emerges whether speculation aggravates this price increase, eventually inducing a price bubble. The relevance of this concern is reinforced by the fact that due to climate change an increased frequency and severity of global agricultural production shortfalls is at stake. If speculation evokes an additional threat to food security in the event of a production shock, the political agenda should not be confined to focus solely on the adaptation to climate change. Instead, it is then also necessary to address speculative activities on agricultural commodity markets. This book scrutinises whether speculative bubbles can be identified in the event of severe global production shocks. For this, a framework for tracing the transmission of the futures price's development on the spot market is developed. Using annual data from 1979-2012 for maize it is analysed whether production shock related price bubbles occurred.


Papers of the 20th Annual Meeting / Vorträge der 20. Jahrestagung


Author: Wolfgang A. Gaul,Achim Bachem,Walter Habenicht,Walter Runge,Wolfgang W. Stahl

Publisher: Springer-Verlag

ISBN: 3642467733

Category: Mathematics

Page: 739

View: 9046

Professional Accounting Essays and Assignments


Author: Miracel Griff

Publisher: Lulu Press, Inc

ISBN: 1312069317

Category: Education

Page: N.A

View: 8898

Professional Accounting Essays and Assignments - Second Edition. Give yourself the edge with 1000++ Professional Accounting Essays and Assignments Are you studying Accounting ? Struggling with a Professional Accounting Essays and Assignments? You've come to the right place. We've included Professional Accounting Essays and Assignments on this book to help. What you really need, however, is an original, fresh answer to your Professional Accounting Essay and Assignment questions, written just for you. That's exactly what we provide - and your answer is written by a certified professional. We have writers who have undergraduate and masters qualifications in Business Law , and who are experts in your subject. Many work in the Business Law sector and so have both the practical experience and also theorical knowledge, the work they produce is as you would expect to the highest standards. The essays provided on this application are special for you.

Der Systemblick auf Innovation

Technikfolgenabschätzung in der Technikgestaltung


Author: Michael Decker

Publisher: edition sigma

ISBN: 3894049464

Category: Technological innovations

Page: 469

View: 7658

Operations Research Proceedings 2006

Selected Papers of the Annual International Conference of the German Operations Research Society (GOR), Jointly Organized with the Austrian Society of Operations Research (ÖGOR) and the Swiss Society of Operations Research (SVOR)


Author: Karl-Heinz Waldmann,Ulrike M. Stocker

Publisher: Springer Science & Business Media

ISBN: 3540699945

Category: Business & Economics

Page: 616

View: 7416

This volume contains a selection of papers referring to lectures presented at the symposium Operations Research 2006 held at the University of Karlsruhe. The symposium presented the state of the art in Operations Research and related areas in Economics, Mathematics, and Computer Science and demonstrated the broad applicability of its core themes, placing particular emphasis on Basel II, one of the most topical challenges of Operations Research.