The Impact of Hedge Fund on the Crude Oil Market
Drastic fluctuations in the price of international crude oil since 2008 have discomforted investors. This paper attempts from a speculative way to find a clue to the causality. Identifying the significant impact of hedge fund through the methods of the T Index and the Granger Causality Test, it paper ascertains the usefulness of analysis of crude oil prices from the standpoint of speculation and manipulation. It suggests the investors should track closely the open positions of hedge funds to explain and predict the change of the crude oil price.
CFTC Hedge Fund T index Granger Causality TestS
Guangyu REN Liyan HAN
School of Economics and Management Beihang University Beijing, China
国际会议
上海
英文
584-587
2011-03-11（万方平台首次上网日期，不代表论文的发表时间）