Spillovers between non-commercial traders’ activity and spot prices? Analysis of the financialization mechanism in the crude oil market

Spillovers between non-commercial traders’ activity and spot prices? Analysis of the financialization mechanism in the crude oil market

PurposeThe purpose of this stud is to analyze the financialization effect on oil prices.Design/methodology/approachThis study applied the technique of multibreak point analysis with Bai and Perron test plus VAR methodology.FindingsFindings revealed that there was no effect on oil prices.Originality/...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:China finance review international 2023-04, Vol.13 (2), p.157-182
1. Verfasser: Focacci, Antonio
Format: Artikel
Sprache:eng
Schlagworte:
Commodities
Crude oil prices
Debates
Futures market
Hedge funds
Hypotheses
Institutional investments
Interest rates
Inventory
Securities markets
Speculation
Spillover effect
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:PurposeThe purpose of this stud is to analyze the financialization effect on oil prices.Design/methodology/approachThis study applied the technique of multibreak point analysis with Bai and Perron test plus VAR methodology.FindingsFindings revealed that there was no effect on oil prices.Originality/valueTo the best of the author’s knowledge, this is the first paper combining the multibreakpoint analysis with VAR for the period analyzed in the present work.
ISSN:2044-1398
2044-1401
DOI:10.1108/CFRI-07-2022-0110