Contemporary Issues in Commodity and Energy Markets
Rita Laura D’Ecclesia, Sapienza University, Dept. Statistical Sciences
Jerome Detemple, Boston University, Questrom School of Business
Andrea Roncoroni, ESSEC Business School
Fernando Zapatero, Boston University, Questrom School of Business
Special issue information:
Commodity markets have historically played a critical role in the development of economies. Progressively stronger linkages with financial markets have marked their evolution during the last decade. More recently, shocks to socio-economic systems, such as the COVID-19 pandemic, geopolitical tensions and climate events, have reverberated through commodity and energy markets, occasionally leading to severe disruptions. On-going developments in Artificial Intelligence create the potential for future radical changes. In the past, investors, corporations, sovereigns, and regulators have often failed to appreciate the speed and nature of developments and missed opportunities to adjust policies or update regulations. The consequences have varied from lost profits to stress on financial systems and, in some cases, to negative effects on the welfare of populations.
This special issue seeks to broaden our understanding of energy and commodity markets. Relevant questions include those pertaining to market developments, as described above. Perspectives ranging from asset pricing to risk management and hedging, securitization and structured finance, alternative financing models, supply chains, operations, regulation, sustainable finance and ESG criteria are of interest. The aim is to have a comprehensive understanding of their multifaceted dynamics within finance, economics and business, providing informed decision-making and innovative solutions. Novel contributions featuring theoretical and empirical research are welcome.