Answer these queries specifically in the written answers to the above two questions.
Summarise the views presented in the two above research articles and link them to the views that financial industry holds about the effects of commodity financialisation for investment opportunities.
In the light of what you have learned in this course so far (especially of the Theory of Normal Backwardation and Theory of Storage), discuss how, in your opinion, commodity financialisation has affected the relation between spot and futures prices for commodities?
What does the term commodity financialisation represent?
What were the reasons for commodity financialisation?
Who were the main market participants in commodity futures markets before commodity financialisation and after that?
What were the effects of commodity financialisation and why is this important for market participants as well as for policy makers?
