The purpose of this primer is to clarify some of the key characteristics of the over-the-counter (OTC) derivatives markets. A clearer picture of these markets will help legislators and regulators write better legislation and rules for the prudential regulation of OTC derivatives markets. (Note that this Primer is followed by a short list of key definitions used to describe OTC derivatives marke...

The housing market plays a significant role in the economies of countries, and as an asset price channel, is considered as one of the main channels for monetary transmission mechanism. Considering the structure of the country's economy and the characteristics of housing as a capital commodity, the assessment of the impact of housing investment on inflation is important. This research evaluates ...

Demand response (DR) has many beneficiaries in the electricity market. There are independent players who are interested in DR, which include: transmission system owners, distributors, retailers, and aggregators. In this paper DR is introduced as a tradable commodity that can be exchanged between DR buyers and sellers in a pool-based market which is called demand response exchange (DRX). DRX ope...

Agricultural commodity markets are critical to the global economy. This study investigates price discovery mechanism, lead-lag relationship, and volatility spillover between spot prices on National Agriculture Market (E-NAM) futures Commodity Derivative Exchange (NCDEX) in Indian agricultural market. The Johansen Cointegration, Vector Error Correction (VEC), Granger causality tests, bivariate G...

The Marxian notion of value is a complex theoretical construct, which replaces the Classical semi-empirical category of “labour expended” with an inherently monetary economic theory: Value discloses a historically specific social relation (the “market economy” or capitalism) which manifests itself in money. The value of a commodity cannot be determined as such, but only through its form of appe...

Abstract People engage in transactions because they expect to bring about certain futures. This suggests replacing Marcel Mauss's three obligations of gift exchange—giving, taking, and returning—with the notion expectations. From this perspective, contingencies constitute exchange: gifts create futures that remain indeterminate; presuppose a social whole whose boundaries are unclear; visibly op...

Abstract This article investigates silver price as a fluctuating commodity since the financial crisis of 2007–2009. In this regard, structural vector autoregression (VAR) was applied to observe sensitivity and future pricing due changes in macroeconomic variables review price. The main results show that is susceptible gold price, increasing sideways. A shock OECD GDP caused increase which makes...

Abstract This article explores the financialisation of world’s most important commodity, oil. It argues that much literature on commodities tends to adopt a dualistic approach financial markets and physical producers, where non-financial activities are assumed be externally-related counterposed one another. The locates roots this analytical separation in mistaken acceptance fetish character int...