Index Funds, Financialization, and Commodity Futures Markets

By Scott H. Irwin, D. R. Sanders. 2011

444 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/25427eb402b3127ac7a82b5542933f181db2fef2

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Citations in the corpus

Time-frequency contained co-movement of crude oil and world food prices: A wavelet-based analysis (2017, background): “From the early 2000s, investment in commodity markets, including energy and agricultural commodities, has been marked by a spectacular rise from $15 billion in 2003 to $250 billion in 2009 (Irwin and Sanders, 2011).”
Can economic policy uncertainty and investors sentiment predict commodities returns and volatility (2017, background): “MARK factors are important to predict the future commodity price movements (see for example, Büyükşahin and Robe (2014), Gilbert (2010), Hamilton and Wu (2015), Irwin and Sanders (2011) and Tang and Xiong (2012).”
Effects of Index-Fund Investing on Commodity Futures Prices (2014, unknown): “Vol. 56, No. 1, February 2015”
Financialization and Structural Change in Commodity Futures Markets (2012, background): “Irwin and Sanders (2012) use the term "Masters hypothesis" as a short-hand label for this argument.”
Financialization in commodity markets: A passing trend or the new normal? (2015, background): “For an excellent overview, see Irwin and Sanders (2011). 3 The empirical literature on financialization in commodity markets concentrates on the implications for commodity returns rather than commodity risk.”
Commodity Booms and Busts (2011, background): “Others argued that the boom constituted a speculative bubble (Khan 2009) and that index fund speculation played a key role (Baffes & Haniotis 2010, Gilbert 2010), arguments that were refuted convincingly by Irwin & Sanders (2011).”
Testing the Masters Hypothesis in Commodity Futures Markets (2012, background): “associated with the increasing correlation between commodity and stock returns Irwin and Sanders (2011) survey this literature and conclude that the weight of the available empirical evidence tilts against the Masters Hypothesis.”
What’s Driving Food Prices in 2011? (2011, background): “Experts in futures markets and stockpiling (Irwin and Sanders, 2011; Wright, 2011) question the bubble hypothesis and doubt that a financial intervention that does not influence the quantity of grain available in world markets could stabilize world prices.”