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Journal of Finance

@JofFinance

The Journal of Finance is one of the leading journals in finance and economics. The official publication of The American Finance Association.
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Journal of Finance @JofFinance
Forthcoming soon: Goldstein @Wharton and Yang @rotmanschool show that commodity financialization improves price efficiency in early stages, but in later stages it decreases it. The decrease hurts producer profits, but they benefit from better risk sharing. doi.org/10.1111/jofi.1…
onlinelibrary.wiley.com Commodity Financialization and Information Transmission We provide a model to understand the effects of commodity futures financialization on various market variables. We distinguish between financial speculators and financial hedgers and study their...