Copper and the Negative Price of Storage

Copper and the Negative Price of Storage
Author: Donald F. Larson
Publisher:
Total Pages: 92
Release: 1994
Genre: Copper
ISBN:

Just as the price of a call option contains a premium based on price variability, so the shadow price of inventories contains a dispersion premium associated with the unplanned component of inventories. When inventory levels are low, the value of the premium increases to the point where inventories will be held even in the face of a fully anticipated fall in price.

Why Higher Fiscal Spending Persists when a Boom in Primary Commodities Ends

Why Higher Fiscal Spending Persists when a Boom in Primary Commodities Ends
Author: Bruno Boccara
Publisher: World Bank Publications
Total Pages: 43
Release: 1994
Genre: Commercial policy
ISBN:

After the initial boom in fiscal spending that accompanies a commodity boom, why do commodity- exporting countries tend to maintain higher spending levels despite a drop in commodity prices? Probably because of liquidity constraints and the costs of policy reversal.

Commodity Modeling and Pricing

Commodity Modeling and Pricing
Author: Peter V. Schaeffer
Publisher: John Wiley & Sons
Total Pages: 442
Release: 2008-12-03
Genre: Business & Economics
ISBN: 0470447435

Commodity Modeling and Pricing provides extensions and applications of state-of-the-art methods for analyzing resource commodity behavior. Drawing from the seminal work of Professor Walter Labys on the development of econometric methods for forecasting commodity prices, this collection of essays features expert contributors ranging from practitioners in private industry, public sector, and nongovernmental organizations to scholars in higher education–all of whom were Labys's former students or collaborators. Filled with in-depth insights and expert advice, Commodity Modeling and Pricing contains the information you need to excel in this demanding environment.

Commodities

Commodities
Author: H. Kent Baker
Publisher: Oxford University Press
Total Pages: 681
Release: 2018-03-06
Genre: Business & Economics
ISBN: 0190656026

Commodities: Markets, Performance, and Strategies provides a comprehensive view of commodity markets by describing and analyzing historical commodity performance, vehicles for investing in commodities, portfolio strategies, and current topics. It begins with the basics of commodity markets and various investment vehicles. The book then highlights the unique risk and return profiles of commodity investments, along with the dangers from mismanaged risk practices. The book also provides important insights into recent developments, including high frequency trading, financialization, and the emergence of virtual currencies as commodities. Readers of Commodities: Markets, Performance, and Strategies can gain an in-depth understanding about the multiple dimensions of commodity investing from experts from around the world. Commodity markets can be accessed with products that create unique risk and return dynamics for investors worldwide. The authors provide insights in a range of areas, from the economics of supply and demand for individual physical commodities through the financial products used to gain exposure to commodities. The book balances useful practical advice on commodity exposure while exposing the reader to various pitfalls inherent in these markets. Readers interested in a basic understanding will benefit as will those looking for more in-depth presentations of specific areas within commodity markets. Overall, Commodities: Markets, Performance, and Strategies provides a fresh look at the myriad dimensions of investing in these globally important markets.

Estimating the Health Effects of Air Pollutants

Estimating the Health Effects of Air Pollutants
Author: Bart D. Ostro
Publisher: World Bank Publications
Total Pages: 70
Release: 1994
Genre: Air
ISBN:

How does one assess the health benefits of air pollution control? Does response functions applied to data on Jakarta reveal that air quality improvements will reduce illness, premature death, and learning disabilities in children. Lead and respirable particles are the most important problems.