Evolving roles of energy futures markets: A survey

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE

Borsa Istanbul Review Pub Date : 2024-10-01 DOI:10.1016/j.bir.2024.05.004

引用次数: 0

Abstract

Energy markets are important in global trade and economic stability, and energy futures play a critical role in energy market dynamics. This study reviews: i) the important role energy futures market prices play as reliable forecasts of future spot prices for energy commodities; ii) the connectedness of energy futures and spot markets; iii) how energy futures markets facilitate managing exposure to energy price risk; iv) the systemic influence of energy futures prices and volatility on other markets and how this influence frequently surges during crises. Our survey provides economic insights for energy market participants and policymakers.

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能源期货市场不断演变的角色：调查

能源市场对全球贸易和经济稳定非常重要，而能源期货在能源市场动态中发挥着关键作用。本研究回顾了：i) 能源期货市场价格作为未来能源商品现货价格的可靠预测所发挥的重要作用；ii) 能源期货和现货市场的关联性；iii) 能源期货市场如何促进能源价格风险的管理；iv) 能源期货价格和波动对其他市场的系统性影响，以及这种影响如何在危机期间经常激增。我们的调查为能源市场参与者和政策制定者提供了经济学见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Borsa Istanbul Review Multiple-

CiteScore

7.60

自引率

3.80%

发文量

130

审稿时长

26 days

期刊介绍： Peer Review under the responsibility of Borsa İstanbul Anonim Sirketi. Borsa İstanbul Review provides a scholarly platform for empirical financial studies including but not limited to financial markets and institutions, financial economics, investor behavior, financial centers and market structures, corporate finance, recent economic and financial trends. Micro and macro data applications and comparative studies are welcome. Country coverage includes advanced, emerging and developing economies. In particular, we would like to publish empirical papers with significant policy implications and encourage submissions in the following areas: Research Topics: • Investments and Portfolio Management • Behavioral Finance • Financial Markets and Institutions • Market Microstructure • Islamic Finance • Financial Risk Management • Valuation • Capital Markets Governance • Financial Regulations