Understanding commodities:
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Zug
Verlag IFZ - Hochschule Luzern
[2015]
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Schriftenreihe: | IFZ-Schriftenreihe
Band 28 |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis Inhaltsverzeichnis |
Beschreibung: | 176 Seiten |
ISBN: | 9783906488530 |
Internformat
MARC
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Datensatz im Suchindex
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adam_text |
TABLE OF CONTENTS
DEDICATION 5
PREFACE 7
TABLE OF CONTENTS 9
LIST OF FIGURES AND TABLES 13
I. INTRODUCTION TO COMMODITIES 15
1 TERMS AND CONCEPTS 15
1.1 WHAT ARE COMMODITIES? 15
1.2 2000S COMMODITIES BOOM 16
1.3 TIME IS MONEY 18
2 THE PLAYERS 20
2.1 LEADING COMMODITY FIRMS 20
2.2 LEADING TRADING PLACES 26
2.3 TRADING FIRMS AND TRADING PLACES IN CONTEXT 29
3 GLOBAL TRENDS AND CHANGING MARKET PARAMETERS 30
3.1 SOCIO-DEMOGRAPHIC AND POLITICAL MEGATRENDS 30
3.2 CHANGING BUSINESS CONDITIONS 33
3.3 HOW COMMODITY FIRMS RESPOND 35
4 STAKEHOLDERS AND SOCIETY DEMANDS 39
4.1 COMMODITY TRADING IN THE PUBLIC EYE 39
4.2 WHO ARE THE MAIN STAKEHOLDERS? 43
4.3 CURRENT MAIN INITIATIVES 45
II. MANAGING THE VALUE CHAIN 51
1 INTRODUCTION 51
2 PARTNERS ALONG THE COMMODITY VALUE CHAIN 52
2.1 THE COMMODITY VALUE CHAIN 52
2.2 PARTNERS IN THE COMMODITY VALUE CHAIN 53
2.3 FRICTIONS AND THE QUESTION OF SYSTEMIC RELEVANCE 57
3 IMPLICATION FOR RISK MANAGEMENT CONCERNING THE VALUE CHAIN 59
III. FINANCIALIZATION & THEORETICAL BACKGROUND 63
1 TERMS AND BACKGROUND INFORMATION 63
1.1 INTRODUCING THE MOST IMPORTANCE TERMS AND DEFINITION 63
1.2 WHY IS THE SUBJECT "FINANCIALIZATION" IMPORTANT? 64
2 FUTURE AND SPOT MARKET AT GLANCE 67
2.1 MODELS OF EXPECTED RETURNS 67
2.2 THEORETICAL MARKETS 69
2.3 RELATIONSHIPS IN PRACTICE 71
3 HISTORICAL PRICE DYNAMICS AND VOLATILITY PATTERNS 73
3.1 DIFFERENT PRICE DYNAMICS 73
3.2 VOLATILITY PATTERNS 76
3.3 INFLUENTIAL FACTORS OF PRICE DYNAMICS 79
4 FINANCIALIZATION OF COMMODITY MARKETS AND SOCIETY 81
4.1 DIFFERENCES: FINANCIALIZED VS NON-FINANCIALIZED COMMODITIES 83
4.2 COSTS OF PRICE INSTABILITIES 87
4.3 CONCENTRATION, MARKET POWER AND ACCESS RESTRICTION 88
IV. COMMODITY INVESTMENTS 91
1 INTRODUCTION 91
1.1 FINANCIALIZATION: WHY PHYSICAL COMMODITY TRADERS SHOULD CARE 92
1.2 WHAT'S SO SPECIAL ABOUT COMMODITIES? 94
2 CATEGORIZATIONS OF COMMODITY MARKETS 94
2.1 RATIONALE FOR AN INCLUSION OF COMMODITIES IN AN PORTFOLIO 97
2.2 WAYS TO PARTICIPATE IN COMMODITY MARKETS 101
3 PRACTICE OF COMMODITY INVESTING 107
3.3 PRICE DRIVING FACTORS 107
3.4 STRATEGIC AND TACTICAL ASSET ALLOCATION 108
4 T RADING STRATEGIES 115
4.5 DIRECTIONAL TRADES: 116
4.6 CURVE POSITIONING 116
4.7 SPREAD TRADES 116
4.8 COMMODITY OPTIONS 116
V. COMPLIANCE IN COMMODITY TRADING 119
1 INTRODUCTION 119
2 KEY COMPLIANCE TOPICS 120
2.1 CORPORATE GOVERNANCE AND THE INTERNAL COMPLIANCE PROGRAM 120
2.2 SANCTIONS AND EMBARGOES 124
2.3 ANTI-MONEY LAUNDERING AND TERRORIST FINANCING 130
2.4 CORRUPTION 136
2.5 COUNTRY RISK ASSESSMENT 137
2.6 ENVIRONMENTAL AND ETHICAL ISSUES 138
2.7 THE RELATIONSHIP WITH AND THE ROLES OF BANKS 139
2.8 REGULATORY ENVIRONMENT AND NEW AND PENDING REGULATIONS 142
3 SUMMARY AND CONCLUSIONS 144
VI. POLITICAL DISCUSSION AND CONTROVERSY AMONG SPECULATION AND
FINANCIALIZATION 147
1 INTRODUCTION 147
2 CONTROVERSY IN AGRICULTURAL INVESTMENT 148
2.1 DIAGNOSIS OF CAUSALITY 149
2.2 DETAILED ANALYSIS OF THE CONTROVERSY 151
2.3 SUMMARIZING AGRICULTURAL INVESTMENTS 157
3 CONCLUDING FINANCIALIZATION 157
3.1 INFLUENCES OF COMMODITY PRICES IN DEVELOPING COUNTRIES 157
3.2 BROADER VIEW THAN JUST SPECULATION 158
3.3 SUGGESTIONS FOR LOWER COMMODITY PRICE VOLATILITY 160
BIBLIOGRAPHY
163
ABOUT THE AUTHORS
171
1
NICOLAS BUERKLER
171
2
ROGER RISSI
171
3
DANIEL SCHMITT
171
4
PETER SIGG
172
5
MARTIN SPILLMANN
172
6
PAUL VERNON
172
7
CAMILLO ZBINDEN
172
INVOLVED PARTIES
173
I
IFZ
173
2
HSLU
173
3
ZCA
173
4
COMMODITY CLUB
174
FURTHER LITERATURE FROM THE INSTITUTE FOR FINANCIAL SERVICES ZUG
175 |
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author_GND | (DE-588)137046227 |
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building | Verbundindex |
bvnumber | BV045098202 |
ctrlnum | (OCoLC)908782910 (DE-599)DNB1070670359 |
discipline | Wirtschaftswissenschaften |
format | Book |
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indexdate | 2024-08-17T00:39:41Z |
institution | BVB |
isbn | 9783906488530 |
language | English |
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physical | 176 Seiten |
publishDate | 2015 |
publishDateSearch | 2015 |
publishDateSort | 2015 |
publisher | Verlag IFZ - Hochschule Luzern |
record_format | marc |
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spelling | Bürkler, Nicolas Verfasser (DE-588)137046227 aut Understanding commodities by Nicolas Bürkler [und 6 weitere] Zug Verlag IFZ - Hochschule Luzern [2015] 176 Seiten txt rdacontent n rdamedia nc rdacarrier IFZ-Schriftenreihe Band 28 Rohstoffspekulation Rohstoffmarkt Anlageverhalten Finanzkapitalismus Welt B:DE-101 application/pdf http://d-nb.info/1070670359/04 Inhaltsverzeichnis DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030488823&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Bürkler, Nicolas Understanding commodities |
title | Understanding commodities |
title_auth | Understanding commodities |
title_exact_search | Understanding commodities |
title_full | Understanding commodities by Nicolas Bürkler [und 6 weitere] |
title_fullStr | Understanding commodities by Nicolas Bürkler [und 6 weitere] |
title_full_unstemmed | Understanding commodities by Nicolas Bürkler [und 6 weitere] |
title_short | Understanding commodities |
title_sort | understanding commodities |
url | http://d-nb.info/1070670359/04 http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030488823&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT burklernicolas understandingcommodities |
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