Commodity Price Dynamics: A Structural Approach by Craig Pirrong
Publisher: Cambridge University Press | 2011 | ISBN: 0521195896 | 240 pages | PDF | 3 MB
Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail.