Soudobé vývojové tendence na komoditních trzích

REJNUŠ, Oldřich and Kamil SMOLÍK. Soudobé vývojové tendence na komoditních trzích (Contemporary trends in the commodity markets). Sborník vědeckých prací University Pardubice. Pardubice: Ekonomicko-správní fakulta Univerzity Pardubice, 2014, vol. 20, No 30, p. 107-118. ISSN 1211-555X.

Basic information

• Original name: Soudobé vývojové tendence na komoditních trzích
• Name in Czech: Soudobé vývojové tendence na komoditních trzích
• Name (in English): Contemporary trends in the commodity markets
• Authors: REJNUŠ, Oldřich and Kamil SMOLÍK.
• Edition: Sborník vědeckých prací University Pardubice, Pardubice, Ekonomicko-správní fakulta Univerzity Pardubice, 2014, 1211-555X.

Other information

• Original language: Czech
• Type of outcome: Article in a journal
• Field of Study: 50600 5.6 Political science
• Country of publisher: Czech Republic
• Confidentiality degree: is not subject to a state or trade secret
• Organization unit: Faculty of Economics and Administration
• Keywords (in Czech): Financializace, komoditní trhy, cenová úroveň, volatilita, finanční trhy, tržní ekonomika
• Keywords in English: Financialization, Commodity Markets, Price Level, Volatility, Financial Markets, Market Economy.

Abstract (in English)

The commodity markets are currently subject to significant changes, especially after the technology bubble in 2000 and its subsequent bursting. After 2000 investors began to look for new investment opportunities in order to extend the diversification of their investment portfolios and create new ways of speculation. Since that time the emergence of a commodity boom can be traced. This has had a significant effect on the development of commodity and financial markets which in turn has considerably affected the functioning of the world economy. The paper deals with the modern day trends in commodity exchange trading, focusing specifically on the issue of financialization of commodity markets. Firstly the paper defines and describes these trends in detail and then analyzes it from a range of perspectives. The aim of this paper is to determine which factors are the driving force in the contemporary rapid development of the financialization of commodity markets and what are the implications and consequences for the functioning of the global economy. The end of the paper will discuss the question of whether the process of financialization of commodity markets is beneficial or harmful for further development of the world economy, or more precisely whether it is appropriate to leave these markets to spontaneous development or is it necessary to begin to regulate commodity trading worldwide.