Does it Matter Who Trades Energy Derivatives?

Review of Environment, Energy and Economics, March 2012

8 Pages Posted: 28 Mar 2012 Last revised: 1 May 2012

See all articles by Bahattin Buyuksahin

Bahattin Buyuksahin

CoMeX Consulting and Advising

Michel A. Robe

University of Richmond - E. Claiborne Robins School of Business

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Date Written: March 1, 2012

Abstract

In the past decade, financial institutions have assumed an ever greater role in energy derivatives (or “paper”) markets. Numerous recent studies provide novel evidence of this “financialization” and analyze the extent to which it helps explain an important aspect of the distribution of energy returns. In this paper, we summarize their findings, identify some questions that remain unanswered, and discuss what data or theoretical breakthroughs could shed light on those issues.

Keywords: Financial Institutions, Energy Derivatives, Speculation, Financialization, Cross-Market Linkages

JEL Classification: G10, G12, G13, G23

Suggested Citation

Buyuksahin, Bahattin and Robe, Michel A., Does it Matter Who Trades Energy Derivatives? (March 1, 2012). Review of Environment, Energy and Economics, March 2012, Available at SSRN: https://ssrn.com/abstract=2028869

Bahattin Buyuksahin (Contact Author)

CoMeX Consulting and Advising ( email )

Washington, DC
United States
2022904253 (Phone)

Michel A. Robe

University of Richmond - E. Claiborne Robins School of Business ( email )

Richmond, VA 23173
United States

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