Does It Matter Who Trades Energy Derivatives?

Bahattin Buyuksahin () and Michel Robe

Review of Environment, Energy and Economics - Re3, 2012

Abstract: In the past decade, financial institutions have assumed an ever greater role in energy derivatives (or “paper”) markets. Numerous recent studies provide novel evidence of this “financialization” and analyze the extent to which it helps explain an important aspect of the distribution of energy returns. In this paper, we summarize their findings, identify some questions that remain unanswered, and discuss what data or theoretical breakthroughs could shed light on those issues.

Keywords: Financial Institutions; Energy Derivatives; Speculation; Financialization; Cross-Market Linkages (search for similar items in EconPapers)
JEL-codes: G10 G12 G13 G23 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femre3:2012.03-01

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