{"title":"能源期货市场不断演变的角色:调查","authors":"","doi":"10.1016/j.bir.2024.05.004","DOIUrl":null,"url":null,"abstract":"<div><div>Energy markets are important in global trade and economic stability, and energy futures play a critical role in energy market dynamics. This study reviews: <em>i</em>) the important role energy futures market prices play as reliable forecasts of future spot prices for energy commodities; <em>ii</em>) the connectedness of energy futures and spot markets; <em>iii</em>) how energy futures markets facilitate managing exposure to energy price risk; <em>iv</em>) 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.</div></div>","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":6.3000,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Evolving roles of energy futures markets: A survey\",\"authors\":\"\",\"doi\":\"10.1016/j.bir.2024.05.004\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>Energy markets are important in global trade and economic stability, and energy futures play a critical role in energy market dynamics. This study reviews: <em>i</em>) the important role energy futures market prices play as reliable forecasts of future spot prices for energy commodities; <em>ii</em>) the connectedness of energy futures and spot markets; <em>iii</em>) how energy futures markets facilitate managing exposure to energy price risk; <em>iv</em>) 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.</div></div>\",\"PeriodicalId\":46690,\"journal\":{\"name\":\"Borsa Istanbul Review\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":6.3000,\"publicationDate\":\"2024-10-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Borsa Istanbul Review\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S2214845024000838\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Borsa Istanbul Review","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2214845024000838","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Evolving roles of energy futures markets: A survey
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.
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