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Rohstoffspekulation und Nahrungsmittelmarkt

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  • Konrad, Sebastian
  • Bartsch, Peter

Abstract

Es wird wissenschaftlich kontrovers diskutiert, ob kausal schlüssige und empirisch robuste Befunde für die Beeinflussung der "realen" Lebensmittelpreise durch Spekulanten vorliegen. Die korrelative Koinzidenz von ansteigender Terminmarktspekulation und einem steigenden Preisniveau lässt auf den ersten Blick einen kausalen Zusammenhang logisch erscheinen. Die Auswertung von wissenschaftlicher Literatur sowie eine eigens durchgeführte Analyse im vorliegenden Beitrag können die Gedankenkette der Spekulationsgegner jedoch nicht bestätigen. Nach aktuellem Stand der Forschung kann die Annahme nicht erhärtet werden, dass die erhöhte Terminmarktspekulation das Niveau und die Volatilität der Agrarrohstoffpreise hat signifikant ansteigen lassen.

Suggested Citation

  • Konrad, Sebastian & Bartsch, Peter, 2015. "Rohstoffspekulation und Nahrungsmittelmarkt," Working Papers 86, Berlin School of Economics and Law, Institute of Management Berlin (IMB).
    • Handle: RePEc:zbw:imbwps:86
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    References listed on IDEAS

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    1. Andrea Bastianin & Matteo Manera & Marcella Nicolini & Ilaria Vignati, 2012. "Speculation, Returns, Volume and Volatility in Commodities Futures Markets," Review of Environment, Energy and Economics - Re3, Fondazione Eni Enrico Mattei, January.
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    Cited by:

    1. Warmdt, Luca & Užik, Martin & Löcher, Markus, 2018. "Financial signaling with open market share repurchases and private redemptions," Working Papers 93, Berlin School of Economics and Law, Institute of Management Berlin (IMB).

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