Publication detail

Soudobé vývojové tendence na komoditních trzích

SMOLÍK, K. REJNUŠ, O.

Original Title

Soudobé vývojové tendence na komoditních trzích

English Title

Contemporary trends in the commodity markets

Type

journal article in Scopus

Language

Czech

Original Abstract

The commodity markets are currently subject to significant changes, especially after the technology bubble in 2000 and its subsequent bursting. After 2000 investors began to look for new investment opportunities in order to extend the diversification of their investment portfolios and create new ways of speculation. Since that time the emergence of a commodity boom can be traced. This has had a significant effect on the development of commodity and financial markets which in turn has considerably affected the functioning of the world economy. The paper deals with the modern day trends in commodity exchange trading, focusing specifically on the issue of financialization of commodity markets. Firstly the paper defines and describes these trends in detail and then analyzes it from a range of perspectives. The aim of this paper is to determine which factors are the driving force in the contemporary rapid development of the financialization of commodity markets and what are the implications and consequences for the functioning of the global economy. The end of the paper will discuss the question of whether the process of financialization of commodity markets is beneficial or harmful for further development of the world economy, or more precisely whether it is appropriate to leave these markets to spontaneous development or is it necessary to begin to regulate commodity trading worldwide.

English abstract

The commodity markets are currently subject to significant changes, especially after the technology bubble in 2000 and its subsequent bursting. After 2000 investors began to look for new investment opportunities in order to extend the diversification of their investment portfolios and create new ways of speculation. Since that time the emergence of a commodity boom can be traced. This has had a significant effect on the development of commodity and financial markets which in turn has considerably affected the functioning of the world economy. The paper deals with the modern day trends in commodity exchange trading, focusing specifically on the issue of financialization of commodity markets. Firstly the paper defines and describes these trends in detail and then analyzes it from a range of perspectives. The aim of this paper is to determine which factors are the driving force in the contemporary rapid development of the financialization of commodity markets and what are the implications and consequences for the functioning of the global economy. The end of the paper will discuss the question of whether the process of financialization of commodity markets is beneficial or harmful for further development of the world economy, or more precisely whether it is appropriate to leave these markets to spontaneous development or is it necessary to begin to regulate commodity trading worldwide.

Keywords

Financialization, Commodity Markets, Price Level, Volatility, Financial Markets, Market Economy.

Key words in English

Financialization, Commodity Markets, Price Level, Volatility, Financial Markets, Market Economy.

Authors

SMOLÍK, K.; REJNUŠ, O.

RIV year

2014

Released

25. 5. 2014

Publisher

University of Pardubice

Location

Pardubice

ISBN

1211-555X

Periodical

Sborník vědeckých prací University Pardubice

Year of study

20

Number

30

State

Czech Republic

Pages from

107

Pages to

118

Pages count

11

BibTex

@article{BUT101860,
  author="Kamil {Smolík} and Oldřich {Rejnuš}",
  title="Soudobé vývojové tendence na komoditních trzích",
  journal="Sborník vědeckých prací University Pardubice",
  year="2014",
  volume="20",
  number="30",
  pages="107--118",
  issn="1211-555X"
}