Spring 2016 Table of Contents
1 – Welcome Letter
2 – Contributing Editor Letter
Hilary Till, Solich Scholar, J.P. Morgan Center for Commodities, University of Colorado Denver Business School
3 – Contributing Editor’s Collection
Hilary Till, Solich Scholar, J.P. Morgan Center for Commodities, University of Colorado Denver Business School and Contributing Editor, Global Commodities Applied Research Digest
“WHAT ARE THE SOURCES OF RETURN FOR CTAs AND COMMODITY INDICES? A BRIEF SURVEY OF RELEVANT RESEARCH”
4 – Research Digest Articles
Summarized by Hilary Till, Solich Scholar, J.P. Morgan Center for Commodities, University of Colorado Denver Business School and Contributing Editor, Global Commodities Applied Research Digest
“WHY DO FIRMS ENGAGE INSELECTIVE HEDGING? EVIDENCE FROM THE GOLD MININGINDUSTRY” Tim R. Adam, School of Business and Economics, Humboldt University of BerlinChitru S. Fernando, Michael F. Price College of Business, University of OklahomaJesus M. Salas, College of Business & Economics, Lehigh University
“THE BIOFUEL CONNECTION: IMPACT OF US REGULATION ON OIL AND FOOD PRICES”Fernando H. Avalos, Bank for International Settlements (BIS)Marco J. Lombardi, BIS
“OPTIMAL TRADING AND SHIPPING OF AGRICULTURAL COMMODITIES”Nicolas Merener, Universidad Torcuato Di Tella, School of Business, Buenos Aires, ArgentinaRamiro Moyano, Grupo Los Grobo (Argentina)Nicolas Stier-Moses, Universidad Torcuato Di Tella, School of Business, Columbia University, New York, and CONICET (Argentina)Pablo Watfi, Universidad Torcuato Di Tella, School of Business, and Universidad de Buenos Aires (Argentina)
“THE DETERMINANTS OF CONVENIENCE YIELDS”Marcel Prokopczuk, Leibniz Universität Hannover (Germany) and ICMA Centre, University of Reading (UK)Yingying Wu, Xi’an Jiaotong Liverpool University (China)
“DEVELOPMENT OF COMMODITY EXCHANGE MARKETS AS AN AVENUE TO FOSTER ECONOMICDEVELOPMENT IN AFRICA” Sostine Ngabirano, Lecturer of Law, Uganda Christian University
5 – Research Council Report on the Inaugural Meetings of 2015
Hilary Till, Solich Scholar, J.P. Morgan Center for Commodities, University of Colorado Denver Business School; and Contributing Editor, Global Commodities Applied Research Digest
6 – Professional Education Update
“AN IN-DEPTH EXPLORATION OF THE COMMODITY MARKETS IS ESSENTIAL FOR AWELL-ROUNDED BUSINESS EDUCATION” Andy Hecht, Chief Market Strategist, Carden Capital and Carden Futures; and Subject Matter Expert, “Foundations of Commodities” Professional Education Program, J.P. Morgan Center for Commodities, University of Colorado Denver Business School
7 – Scholar Section
“PORTFOLIO REBALANCING AND COMMODITIES: THE WHOLE IS GREATER THAN THE SUM OF ITS PARTS” Robert Greer, Scholar in Residence, J.P. Morgan Center for Commodities, University of Colorado Denver Business School
8 – Editorial Advisory Board Commentaries
“EVOLVING BENCHMARKS IN THE NEW OIL ORDER”, Jan-Hein Jesse, Editorial Advisory Board Member, Global Commodities Applied Research Digest“MF GLOBAL FIVE YEARS ON”, Richard Heckinger, Editorial Advisory Board member, Global Commodities Applies Research Digest
9 – Research Council Corner
“THE DISTRIBUTION OF ECONOMIC BENEFITS FROM MINING”, Thomas Brady, Ph.D., Chief Economist, Newmont Mining Corporation
“THE ECONOMIST’S EDGE: OIL MARKET DYNAMICS AND 2016 OUTLOOK”, Bluford Putnam, Ph.D., Chief Economist, CME Group
“RESEARCH INSIGHT: WHY DO OIL PRICES KEEP GOING DOWN?”, Marcelle Arak, Ph.D., CoBank Professor of Commodities, University of Colorado Denver Business School; and Editor, “Global Commodities Issues (Editor’s Choice)”
Cheila Tschinkel, Visiting Faculty in Economics at Emory University, Atlanta
Cheila Tschinkel, Visiting Faculty in Economics at Emory University, Atlanta
10 – Interview with a Thought Leader in Commodities
Interview with Professor Colin A. Carter, Distinguished Professor of Agricultural and Resource Economics; and Chair, J.P. Morgan Center for Commodities’ Research Council