全球农产品价格波动中金融化因素探析  

The Analysis of Financialization in Price Variation of Global Agriculture Commodity

作　　者：苏应蓉[1] 

机构地区：[1]中南财经政法大学经济学院,武汉430073

出　　处：《农业经济问题》2011年第6期89-95,112,共7页Issues in Agricultural Economy

摘　　要：近年来金融化因素在农产品市场中不断深化并形成新的特点,大量流向农产品市场的资金通过衍生市场进行非传统投机,尤其是将指数基金作为主要手段。供求状况难以反映农产品价格波动,而期货价格与指数基金的投机大大推动了农产品价格波动。我国应针对农产品金融化特性做出相应的政策调整。In recent years,Financialization plays a more and more important role in the agriculture commodity market.In this paper,it shows that great capitals flowing to the agriculture commodity market involves with non-traditional speculation activities.Especially a large amount of investment funds entered the market through derivative financial tools.Consequently,it is the future prices and speculations from index funds,rather than fundamentals,which decide the variation of prices of agriculture commodities.In this case,It is suggested that regulations and policies should be designed based on this feature in order to avoid fluctuation of agricultural prices.

关 键 词：农产品价格 金融化 期货价格 指数基金 价格引导 

分 类 号：F313.7[经济管理—产业经济] F713.35