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Commodities: Markets, Performance, and Strategies: Financial Markets and Investments

Editat de H. Kent Baker, Greg Filbeck, Jeffrey H. Harris
en Limba Engleză Hardback – 26 apr 2018
Commodities: Markets, Performance, and Strategies provides a comprehensive view of commodity markets by describing and analyzing historical commodity performance, vehicles for investing in commodities, portfolio strategies, and current topics. It begins with the basics of commodity markets and various investment vehicles. The book then highlights the unique risk and return profiles of commodity investments, along with the dangers from mismanaged risk practices. The book also provides important insights into recent developments, including high frequency trading, financialization, and the emergence of virtual currencies as commodities. Readers of Commodities: Markets, Performance, and Strategies can gain an in-depth understanding about the multiple dimensions of commodity investing from experts from around the world. Commodity markets can be accessed with products that create unique risk and return dynamics for investors worldwide. The authors provide insights in a range of areas, from the economics of supply and demand for individual physical commodities through the financial products used to gain exposure to commodities. The book balances useful practical advice on commodity exposure while exposing the reader to various pitfalls inherent in these markets. Readers interested in a basic understanding will benefit as will those looking for more in-depth presentations of specific areas within commodity markets. Overall, Commodities: Markets, Performance, and Strategies provides a fresh look at the myriad dimensions of investing in these globally important markets.
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Specificații

ISBN-13: 9780190656010
ISBN-10: 0190656018
Pagini: 680
Dimensiuni: 236 x 160 x 43 mm
Greutate: 1.11 kg
Editura: Oxford University Press
Colecția OUP USA
Seria Financial Markets and Investments

Locul publicării:New York, United States

Recenzii

The coverage of the commodity markets as well as their workings and regulations is excellent. The editors have put together a book that will be of use not only to researchers but to graduate students of business and economics who are looking for an in-depth resource on commodities.

Notă biografică

H. Kent Baker is a University Professor of Finance in the Kogod School of Business at American University. He has authored or edited 29 books and has published more than 170 refereed articles in such journals as the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, and Journal of Portfolio Management. He has consulting and training experience with more than 100 organizations.Greg Filbeck is a Samuel P. Black III Professor of Finance and Risk Management at Penn State Behrend and serves as the Director for the Black School of Business. Professor Filbeck has authored or edited 10 books and published more than 90 refereed academic journal articles appearing in the Financial Analysts Journal, Financial Review, and Journal of Business, Finance, and Accounting. Jeffrey H. Harris is the Gary Cohn Goldman Sachs Chair in Finance in the Kogod School of Business at American University. Professor Harris has served as Chief Economist at the U.S. Commodity Futures Trading Commission and has published 24 refereed articles in such journals as the Energy Journal, Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Economics, Review of Financial Studies, Financial Management, and Journal of Futures Markets.

Cuprins

  • Contents
  • Acknowledgments
  • About the Editors
  • About the Contributors
  • List of Figures
  • List of Tables
  • Abbreviations
  • Part One BACKGROUND
  • 1. Commodities: An Overview
  • H. Kent Baker, Greg Filbeck, and Jeffrey H. Harris
  • 2. The Economics of Commodities and Commodity Markets
  • Florian Ielpo
  • 3. Commodity Exchanges and Regulation
  • Jerry W. Markham
  • 4. Behavioral Aspects of Commodity Markets
  • John R. Nofsinger, Pattanaporn Chatjuthamard, and Xu Dai
  • 5. Commodity Derivatives
  • Neil C. Schofield
  • 6. Fundamentals and Commodity Prices
  • Michael S. Haigh
  • Part Two PHYSICAL COMMODITIES
  • 7. Physical Commodities
  • Xiaohu Deng, Seow Eng-Ong, and Andrew C. Spieler
  • 8. Agricultural
  • Nicole Moran and Kelsey Syvrud
  • 9. Energy
  • Michael A. Penick and Lynn Riggs
  • 10. Livestock
  • Xiaohu Deng, Andrew C. Spieler, and Desmond Tsang
  • 11. Metals
  • Greg Leonard and Chanel O'Neill
  • Part Three METHODS TO INVEST IN COMMODITIES
  • 12 Commodity Trading Advisors and Managed Futures
  • Koray Simsek and Halil Kiymaz
  • 13. Commodity Exchange-Traded Funds
  • Christopher Milliken, Ehsan Nikbakht, and Andrew C. Spieler
  • 14. Commodity Mutual Funds
  • Gustavo Camilo, Janko Cizel, and Paul Zurek
  • Part Four PERFORMANCE OF COMMODITIES
  • 15. Pricing of Futures Contracts
  • Timothy A. Krause
  • 16. Commodity Return Characteristics
  • Dianna Preece
  • 17. Issues in Commodity Benchmarking Performance
  • Aaron Filbeck
  • 18. Volatility Transmission across Commodity Futures Markets
  • Frankie Ho-Chi Chau and Rataporn Deesomsak
  • Part Five STRATEGIES AND PORTFOLIO MANAGEMENT
  • 19. Commodities in International and Emerging Markets
  • Kamal Smimou
  • 20. Commodity Trading Strategies, Common Mistakes, and Catastrophic Blowups
  • Hilary Till, Joseph Eagleeye, and Richard Heckinger
  • 21. Asset Allocation Strategies and Commodities
  • Claudio Boido
  • 22. Food Prices and Food Price Volatility: Strategies for Extending the Reach of Risk Markets
  • Donald F. Larson
  • Part Six ISSUES INVOLVING COMMODITIES
  • 23. High Frequency Trading of Commodities
  • Raymond P. H. Fishe and Aaron D. Smith
  • 24. Energy Risk Management
  • Thomas Barkley, Mingwei (Max) Liang, and Andrew C. Spieler
  • 25. Financialization of Commodity Markets
  • Kyle J. Putnam and Ramesh Adhikari
  • 26. Virtual Currencies as Commodities
  • Lamia Chourou, Samir Saadi, and Azizah Aljohani
  • 27. Research Issues in Commodities and Commodity Markets
  • Scott Mixon
  • 28. Future of Commodity Markets and Investments
  • Hunter M. Holzhauer
  • Discussion Questions and Answers
  • Index