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Integration and hedging efficiency between the Brazilian and the U.S. ethanol markets

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  • Capitani, Daniel Henrique Dario
  • Tonin, Julyerme M.
  • Cruz, Jose Cesar

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  • Capitani, Daniel Henrique Dario & Tonin, Julyerme M. & Cruz, Jose Cesar, 2017. "Integration and hedging efficiency between the Brazilian and the U.S. ethanol markets," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258520, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea17:258520
    DOI: 10.22004/ag.econ.258520
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    References listed on IDEAS

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    1. Vacha, Lukas & Janda, Karel & Kristoufek, Ladislav & Zilberman, David, 2013. "Time–frequency dynamics of biofuel–fuel–food system," Energy Economics, Elsevier, vol. 40(C), pages 233-241.
    2. Deborah Bentivoglio & Adele Finco & Mirian Rumenos Piedade Bacchi, 2016. "Interdependencies between Biofuel, Fuel and Food Prices: The Case of the Brazilian Ethanol Market," Energies, MDPI, vol. 9(6), pages 1-16, June.
    3. Ladislav Kristoufek & Karel Janda & David Zilberman, 2015. "Co-movements of Ethanol Related Prices: Evidence from Brazil and the USA," CAMA Working Papers 2015-11, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    4. Govindaray N. Nayak & Calum G. Turvey, 2000. "The Simultaneous Hedging of Price Risk, Crop Yield Risk and Currency Risk," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 48(2), pages 123-140, July.
    5. Sweta Saxena & Agustin Villar, 2008. "Hedging instruments in emerging market economies," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial globalisation and emerging market capital flows, volume 44, pages 71-87, Bank for International Settlements.
    6. Donald Lien & Mei Zhang, 2008. "A Survey of Emerging Derivatives Markets," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 44(2), pages 39-69, March.
    7. Drabik, Dušan & Ciaian, Pavel & Pokrivčák, Ján, 2016. "The effect of ethanol policies on the vertical price transmission in corn and food markets," Energy Economics, Elsevier, vol. 55(C), pages 189-199.
    8. Serra, Teresa & Zilberman, David, 2013. "Biofuel-related price transmission literature: A review," Energy Economics, Elsevier, vol. 37(C), pages 141-151.
    9. Wallace E. Tyner, 2010. "The integration of energy and agricultural markets," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 193-201, November.
    10. Simla Tokgoz & Amani Elobeid, 2006. "Analysis of the Link between Ethanol, Energy, and Crop Markets, An," Food and Agricultural Policy Research Institute (FAPRI) Publications (archive only) 06-wp435, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    11. Michael K. Adjemian & Tina L. Saitone & Richard J. Sexton, 2016. "A Framework to Analyze the Performance of Thinly Traded Agricultural Commodity Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(2), pages 581-596.
    12. Kelvin Balcombe & George Rapsomanikis, 2008. "Bayesian Estimation and Selection of Nonlinear Vector Error Correction Models: The Case of the Sugar-Ethanol-Oil Nexus in Brazil," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(3), pages 658-668.
    13. Merkusheva, Natalia, 2014. "Nonlinear cointegration in the food-ethanol-oil system.Evidence from smooth threshold vector error correction models," ESA Working Papers 288984, Food and Agriculture Organization of the United Nations, Agricultural Development Economics Division (ESA).
    14. Zibin Zhang & Luanne Lohr & Cesar Escalante & Michael Wetzstein, 2009. "Ethanol, Corn, and Soybean Price Relations in a Volatile Vehicle-Fuels Market," Energies, MDPI, vol. 2(2), pages 1-20, June.
    15. Luciano Rodrigues & Mirian Rumenos Piedade Bacchi, 2016. "Light fuel demand and public policies in Brazil, 2003–2013," Applied Economics, Taylor & Francis Journals, vol. 48(54), pages 5300-5313, November.
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