2009 | 8 | 1 | 113-125
Article title

Financial Factors in Price Movements of Primary Commodities on the International Market

Title variants
Languages of publication
On international markets for raw materials and food the financialisation takes a form of a greater involvement of financial investors in the transactions made in commodity markets. The activity of those investors is distinctive - they treat commodity transactions as an alternative form of assets (such as investment in shares or real estate). The price tendencies for raw materials and food in commodity exchanges and hence in the international trade tend to resemble the price tendencies observed in traditional financial assets. Therefore the recent global financial crisis has been reflected not only in the movement of prices of shares and real estate but also the prices in international markets for commodities.
Physical description
  • Department of Foreign Trade and International Economic Relations, Faculty of Economics and Management, University of Szczecin, Mickiewicza 64, 71-101 Szczecin
  • Bryan, M. F. & Cecchetti, S. G. (1999), Inflation and the Distribution of Price Changes. The Review of Economics and Statistics, 81(2), 188-196.
  • Bui, T., Bayoumi, T. (2010). Their Cup Spilleth Over. Finance and Development, 1.
  • Capuano, C. (2006). Strategic Noise Traders and Liquidity Pressure with Physically Deliverable Futures Contract. International Review of Economics and Finance, 15(1), 1-14.
  • Domański, D. & Heath, A. (2007). Financial Investors and Commodity Markets. BIS Quarterly Review, March, 53-67.
  • Dudziński, J. (2000). Kurs walutowy USD a kierunki zmian cen w handlu międzynarodowym. Bank i Kredyt, 1, 30-36.
  • Dudziński, J. (2001a). The Evolution of the International Monetary System versus Character of Price Changes in the International Trade. Folia Oeconomica Stetinensia, 8.
  • Dudziński, J. (2001b). The World Market Price as a Category of Economics. Folia Oeconomica Stetinensia, 7, 25-42.
  • Dudziński, J. (2004). Nowe zjawiska w ruchu cen handlu międzynarodowego. Bank i Kredyt, 4, 71-79.
  • Dudziński, J. (2006). Rola czynnika pieniężnego w wyznaczaniu tendencji cen handlu międzynarodowego. Zeszyty Naukowe Uniwersytetu Szczecińskiego, 417, 5-24.
  • Clements, K. W. & Manzur, M. (2002). Notes on Exchange Rates and Commodity Prices, In M. Manzur (Ed.), Exchange Rates, Interest Rates and Commodity Prices, 145-156, Cheltenham, UK: Edward Elgar Publishing Ltd.
  • Fil-Pareja, S. (2000). Exchange Rates and European Countries Export: An Empirical Test for Asymmetries in Pricing to Market Behavior. Weltwirtschaftliches Archiv, 1.
  • Gilbert, C. L. (2008). How to Understand High Food Prices. Italy: University of Trento.
  • Gilbert, Ch.L. (2010). Speculative Influences on Commodity Futures Prices 2006-2008. UNCTAD - Discussion Papers, 197, March.
  • Kulig, J. (2009). Współzależności globalne w przebiegu kryzysu finansowego. In W. Małecki (Ed.), Globalny kryzys finansowy a polska gospodarka, 37-82, Warszawa: Vizja Press.
  • Maizels, A. (1999). The Commodity Collapse of the 1980's. In The Economics of Commodity Markets, Cheltenham - Northampton.
  • Mayer, J. (2009). The Growing Interdependence between Financial and Commodity Markets. UNCTAD - Discussion Papers, 195, October, 1-26.
  • Mittal, A. (2009). The 2008 Food Price Crisis. UNCTAD, G-24 Discussion Paper Series, 56, June, 1-25.
  • Recent Development in Key Commodity Markets: Trends and Challenges. (2010). UNCTAD, 12 January 2010, TD B/C.T MEM 2.7, 1-15.
  • Singer, H. (1998). Terms of Trade: New Wine and New Bottles? In Growth, Development and Trade, Cheltenham-Northampton.
  • Sławiński, A. (2010). Wpływ globalnego kryzysu bankowego na bankowość centralną. Ekonomista, 1, 145-162.
  • The Financialization of Commodity Markets. (2009). In Trade and Development Report, UNCTAD, New York, 53-84.
  • Trade and Development Report. (2009). UNCTAD, New York.
  • World Economic Outlook: Rebalancing Growth. (2010). IMF, Washington, April.
  • World Economic Situation and Prospects 2009. (2009). UN, New York.
  • ---
  • ---
  • ---
Document Type
Publication order reference
YADDA identifier
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.