Commodities

H. Kent Baker is a University Professor of Finance in the Kogod School of Business at American University. He has authored or edited 29 books and has published more than 170 refereed articles in such journals as the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, and Journal of Portfolio Management. He has consulting and training experience with more than 100 organizations.Greg Filbeck is a Samuel P. Black III Professor of Finance and Risk Management at Penn State Behrend and serves as the Director for the Black School of Business. Professor Filbeck has authored or edited 10 books and published more than 90 refereed academic journal articles appearing in the Financial Analysts Journal, Financial Review, and Journal of Business, Finance, and Accounting. Jeffrey H. Harris is the Gary Cohn Goldman Sachs Chair in Finance in the Kogod School of Business at American University. Professor Harris has served as Chief Economist at the U.S. Commodity Futures Trading Commission and has published 24 refereed articles in such journals as the Energy Journal, Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Economics, Review of Financial Studies, Financial Management, and Journal of Futures Markets.

The coverage of the commodity markets as well as their workings and regulations is excellent. The editors have put together a book that will be of use not only to researchers but to graduate students of business and economics who are looking for an in-depth resource on commodities.

• Contents AcknowledgmentsAbout the EditorsAbout the ContributorsList of FiguresList of TablesAbbreviations Part One BACKGROUND 1. Commodities: An Overview H. Kent Baker, Greg Filbeck, and Jeffrey H. Harris 2. The Economics of Commodities and Commodity Markets Florian Ielpo 3. Commodity Exchanges and Regulation Jerry W. Markham 4. Behavioral Aspects of Commodity Markets John R. Nofsinger, Pattanaporn Chatjuthamard, and Xu Dai 5. Commodity Derivatives Neil C. Schofield 6. Fundamentals and Commodity Prices Michael S. Haigh Part Two PHYSICAL COMMODITIES7. Physical CommoditiesXiaohu Deng, Seow Eng-Ong, and Andrew C. Spieler 8. AgriculturalNicole Moran and Kelsey Syvrud 9. EnergyMichael A. Penick and Lynn Riggs 10. LivestockXiaohu Deng, Andrew C. Spieler, and Desmond Tsang 11. MetalsGreg Leonard and Chanel O'NeillPart Three METHODS TO INVEST IN COMMODITIES 12 Commodity Trading Advisors and Managed Futures Koray Simsek and Halil Kiymaz 13. Commodity Exchange-Traded Funds Christopher Milliken, Ehsan Nikbakht, and Andrew C. Spieler 14. Commodity Mutual Funds Gustavo Camilo, Janko Cizel, and Paul ZurekPart Four PERFORMANCE OF COMMODITIES 15. Pricing of Futures ContractsTimothy A. Krause 16. Commodity Return CharacteristicsDianna Preece 17. Issues in Commodity Benchmarking Performance Aaron Filbeck 18. Volatility Transmission across Commodity Futures Markets Frankie Ho-Chi Chau and Rataporn Deesomsak Part Five STRATEGIES AND PORTFOLIO MANAGEMENT 19. Commodities in International and Emerging Markets Kamal Smimou 20. Commodity Trading Strategies, Common Mistakes, and Catastrophic Blowups Hilary Till, Joseph Eagleeye, and Richard Heckinger 21. Asset Allocation Strategies and Commodities Claudio Boido 22. Food Prices and Food Price Volatility: Strategies for Extending the Reach of Risk Markets Donald F. Larson Part Six ISSUES INVOLVING COMMODITIES 23. High Frequency Trading of Commodities Raymond P. H. Fishe and Aaron D. Smith 24. Energy Risk Management Thomas Barkley, Mingwei (Max) Liang, and Andrew C. Spieler 25. Financialization of Commodity Markets Kyle J. Putnam and Ramesh Adhikari 26. Virtual Currencies as Commodities Lamia Chourou, Samir Saadi, and Azizah Aljohani 27. Research Issues in Commodities and Commodity Markets Scott Mixon 28. Future of Commodity Markets and Investments Hunter M. Holzhauer Discussion Questions and AnswersIndex