Publication detail

Commodity Markets Financialization and its Impact on the Word Economy

REJNUŠ, O. SMOLÍK, K.

Original Title

Commodity Markets Financialization and its Impact on the Word Economy

Type

conference paper

Language

English

Original Abstract

This paper deals with the financialization of contemporary world commodity markets and its influence on the economy. Firstly, it defines the ways in which this current trend shows itself and then analyzes its impact on the economy. Concurrently the paper tries to find out in what way is the effect positive for the economy as well as in what is negative. The aim of the analysis is also to confirm or refuse the hypothesis that financialization of commodity markets is one of the factors which has contributed to the emergence of modern "financial" crisis and helps its prolongation. The closing part of the paper focuses on the question if this process is beneficial or harmful for the further development of the worlds economy or whether is appropriate to matter in this process or rather waits for the result of the spontaneous development itself.

Keywords

Financialization, commodity markets, world economy.

Authors

REJNUŠ, O.; SMOLÍK, K.

RIV year

2013

Released

11. 6. 2013

Publisher

Masaryk University

Location

Brno

ISBN

978-80-210-6294-8

Book

European Financial Systems 2013. Proceedings of the 10th International Scientific Conference.

Pages from

272

Pages to

278

Pages count

7

BibTex

@inproceedings{BUT101477,
  author="Oldřich {Rejnuš} and Kamil {Smolík}",
  title="Commodity Markets Financialization and its Impact on the Word Economy",
  booktitle="European Financial Systems 2013. Proceedings of the 10th International Scientific Conference.",
  year="2013",
  pages="272--278",
  publisher="Masaryk University",
  address="Brno",
  isbn="978-80-210-6294-8"
}