Naslov
COVID-19 and commodity futures markets

Autori
Štulec, Ivana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Trade perspectives 2020: The interdependence of COVID-19 pandemic and international trade / Baković, Tomislav ; Naletina, Dora ; Petljak, Kristina - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu, 2020, 55-72

ISBN
9789533461496

Skup
Trade Perspectives 2020: The interdependence of COVID-19 pandemic and international trade

Mjesto i datum
Zagreb, Hrvatska, 26.11.2020. - 27.11.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Covid-19 ; commodity market ; commodity futures prices ; price volatility

Sažetak
The outbreak of Covid-19 virus and its wide global spread resulted in massive socio- economic risks worldwide. Commodity market was hit harder than ever before. The paper studies the coherence between Covid-19 pandemic (measured by total cases, new cases, total deaths and new deaths) and commodity futures markets (measured by futures prices and price volatility of 26 commodities). The aim of the paper is (i) to present the general effect of Covid-19 pandemic on commodity markets, (ii) to study which commodities showed intensified effect and elaborate on reasoning and (iii) and to review which commodities and asset classes proved to be safe-havens during the pandemic crisis. The findings reveal that WTI crude oil, industrial metals and gold experienced most intensive Covid-19 effects, with oil reaching its lowest price ever and gold reaching its highest price ever. Results on price volatility and Covid-19 - commodity price correlation differ across commodities, time periods and reference Covid-19 progression measure.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA