Does “Paper Oil” Matter? Energy Markets’ Financialization and Co-Movements with Equity Markets
We revisit, and document new facts regarding, the financialization of U.S. energy markets in 2000–2010. We show that, after controlling for macroeconomic factors and physical energy market fundamentals, the strength of energy markets’ co-movements with the U.S. stock market is positively related to...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2024-05-01
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| Series: | Commodities |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2813-2432/3/2/13 |