Agricultural Commodities and their Financialization

29 Pages Posted: 23 Feb 2012 Last revised: 9 Jan 2015

See all articles by Lucas Bernard

Lucas Bernard

The City University of New York - College of Technology

Alfred Greiner

Bielefeld University - Department of Business Administration and Economics

Willi Semmler

The New School - Department of Economics; Universitaet Bielefeld; IIASA

Date Written: February 12, 2012

Abstract

Agricultural commodities, here considered as renewable products, are critical to many developing countries. Not only are their prices rising, along with price volatility on both spot and future markets, but also an increasing financialization of these products is making itself felt. All this may become a threat to many segments of the populations of low income countries. In this paper, we build a model to help understand how the economic and financial effects interact to produce, for example, food shortages. We explore the consequences and potentials for control.

Keywords: renewable products, agricultural commodities, food shortages, financialization

JEL Classification: G15, Q14, C61

Suggested Citation

Bernard, Lucas and Greiner, Alfred and Semmler, Willi, Agricultural Commodities and their Financialization (February 12, 2012). Available at SSRN: https://ssrn.com/abstract=2009733 or http://dx.doi.org/10.2139/ssrn.2009733

Lucas Bernard

The City University of New York - College of Technology ( email )

Department of Business
300 Jay Street, Room N-1012
Brooklyn, NY 11201
United States
718-260-5773 (Phone)

HOME PAGE: http://www.lucasbernard.com

Alfred Greiner (Contact Author)

Bielefeld University - Department of Business Administration and Economics ( email )

P.O. Box 100131
Bielefeld, 33501
Germany
+49 521 106 4859 (Phone)
+49 521 106 67120 (Fax)

HOME PAGE: http://phoenix.wiwi.uni-bielefeld.de/lehrbereiche/vwl/wipol

Willi Semmler

The New School - Department of Economics ( email )

65 Fifth Avenue
New York, NY 10003
United States

HOME PAGE: http://www.newschool.edu/nssr/faculty/?id=4e54-6b79-4e41-3d3d

Universitaet Bielefeld ( email )

Universit├Ątsstra├če 25
Bielefeld, NRW
Germany

IIASA ( email )

Schlossplatz 1
Laxenburg/Austria, A-2361
Austria

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