The Theory of Normal Backwardation and Financialization of the Futures Markets

Colin Carter; C Revoredo-Giha

The Theory of Normal Backwardation and Financialization of the Futures Markets

Colin Carter^*, C Revoredo-Giha

^*Corresponding author for this work

Rural Development & Food Marketing

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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Abstract

Over the past 20 years, there has been a large inflow of investment capital into commodity futures markets—the fnancialization of commodities. This chapter analyses the behavior of commodity futures contract returns before and since financialization of the markets.

Original language	English
Title of host publication	Modern Agricultural and Resource Economics and Policy
Subtitle of host publication	Essays in Honor of Gordon Rausser
Editors	Harry de Gorter, Jill McCluskey, Johan Swinnen, David Zilberman
Publisher	Springer
Chapter	16
Number of pages	24
Volume	55
ISBN (Electronic)	978-3-030-77760-9
Publication status	Print publication - 20 Aug 2022

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author edits Carter Revoredo-Giha Book Chapter Feb 19 2022Accepted author manuscript, 1.32 MBLicence: CC BY-NC

Cite this

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The Theory of Normal Backwardation and Financialization of the Futures Markets. / Carter, Colin; Revoredo-Giha, C.
Modern Agricultural and Resource Economics and Policy: Essays in Honor of Gordon Rausser. ed. / Harry de Gorter; Jill McCluskey; Johan Swinnen; David Zilberman. Vol. 55 Springer, 2022.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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AU - Revoredo-Giha, C

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N2 - Over the past 20 years, there has been a large inflow of investment capital into commodity futures markets—the fnancialization of commodities. This chapter analyses the behavior of commodity futures contract returns before and since financialization of the markets.

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The Theory of Normal Backwardation and Financialization of the Futures Markets

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