Commodity Market Analysis

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Markets".

Deadline for manuscript submissions: 31 October 2024 | Viewed by 1685

Special Issue Editors


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Guest Editor
School of Business & Law, Edith Cowan Univesity, Joondalup, WA 6027, Australia
Interests: asset pricing; forecasting; applied financial econometrics; time series analysis; financial market inetgration; commodity markets
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Co-Guest Editor
School of Business & Law, Edith Cowan University, Joondalup, WA 6027, Australia
Interests: asset pricing; systemic risk; volatility spillover; predictability; applied financial economics; financial market integration; risk management; commodity market

Special Issue Information

Dear Colleagues,

Global commodity markets have evolved substantially in the last two decades. In recent years, extensive transformations have taken place in commodity markets due to the impacts of climate change, the outbreak of COVID-19, the Russia–Ukraine war and the cold war between the US and China. This has led to a sizeable increase in the volatility of the commodity markets. With the financialization of commodities, the association between commodity markets and financial markets has arrested the attention of numerous academic researchers, investors, companies, government, regulators, and policy makers.

This Special Issue aims to compile a collection of articles that attend to the recent transformations in commodity markets. We invite the submission of empirical research papers that focus on commodity markets and particularly those that attend to topics including, but not limited to, forecasting and portfolio allocation, the financialization of commodity markets, market integration, volatility transmission and risk analysis, pricing and hedging in commodity markets, commodity supply chains, commodity market regulation and trading, and energy and metals.

The submission deadline is 31st October 2024. Please do not hesitate to email us if you have any queries.

Dr. Deepa Bannigidadmath
Dr. Thach Pham
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

 

Keywords

  • forecasting and portfolio allocation
  • financialization of commodity markets
  • market integration
  • volatility transmission and risk analysis
  • pricing and hedging in commodity markets
  • commodity supply chains
  • commodity market regulation and trading
  • energy and metals

Published Papers (1 paper)

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Research

19 pages, 2687 KiB  
Article
Gold Smuggling in India and Its Effect on the Bullion Industry
by Maria Immanuvel Susai and Lazar Daniel
J. Risk Financial Manag. 2024, 17(3), 122; https://doi.org/10.3390/jrfm17030122 - 18 Mar 2024
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Abstract
This study strives to examine when and where most of the gold smuggling takes place in India. It further analyses the causal relationship between smuggled gold and other macroeconomic variables. Finally, it analyses how the smuggled gold affects the Indian bullion industry. The [...] Read more.
This study strives to examine when and where most of the gold smuggling takes place in India. It further analyses the causal relationship between smuggled gold and other macroeconomic variables. Finally, it analyses how the smuggled gold affects the Indian bullion industry. The data related to gold smuggling has been sourced from the website of the Directorate Revenue Intelligence and analysed using graphs and the Granger causality test. The variables used in the study are the quantity of smuggled gold, exchange rates, the major stock indices in the world, the number of auspicious days in a month, domestic and international gold prices, India’s jewellery export, the GDP, customs duty, and the domestic gold supply. The results revealed that most of the gold smuggling takes place on Fridays and mostly occurs in the months of October, November, and December. The states of West Bengal, Delhi, Maharashtra, and Tamil Nadu account for most of the gold smuggling in India. A positive correlation is observed between the smuggled gold, India’s gold demand, the number of auspicious days in the month, India’s jewellery export, India’s GDP, India’s domestic gold supply, and stock indices such as SENSEX, FTSE100, DFMGI. Gold smuggling in India is caused by India’s gold demand, the level of jewellery export, the GDP, domestic and international gold prices, and India’s customs duty. Full article
(This article belongs to the Special Issue Commodity Market Analysis)
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