Convective Risk Flows in Commodity Futures Markets
收藏NBER2012-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17921
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This paper analyzes the joint responses of commodity futures prices and traders' futures positions to changes in the VIX before and after the recent financial crisis. We find that while financial traders accommodate the needs of commercial hedgers in normal times, in times of distress, financial
本文分析了近期金融危机前后，商品期货价格与交易者期货持仓对波动率指数（VIX）变动的联合响应。我们发现，尽管正常时期金融交易者会适配商业套期保值者的需求，但在困境时期，金融
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美国国家经济研究局创建时间：
2012-03-01
