Commodity Derivative Markets : Opportunities and Challenges

Contents Preface Welcome addressS R Hashim Address on the seminar themeMadhoo Pavaskar Inaugural addressAbhijit sen Keynote addressRajiv Aggarwal Keynote addressVenkat Chary Do futures markets discover pricesKamal Nayan Kabra Background note Select Papers 1 Speculation in global wheat futures a villain of the pieceMadhoo Pavaskar and Archana Kshirsagar 2 Trading in India?s commodity futures marketsSunanda Sen and Mahua Paul 3 Smoke and mirror of commodity futures trading in IndiaTP Bhat and Mahua Paul 4 Regulation and development of commodity derivative market revisiting the proposed bill from the perspective of legislative drafting and regulatory jurisprudenceNaresh V Deshpande 5 Is convergence between commodity derivative and securities markets and their regulators desirableMadhoo Pavaskar and Bhuvan Sethi 6 Strengthening and expanding the scope of commodity derivative trading in IndiaNaveen Mathur 7 Reforms in agriculture marketing to improve marketing efficiency and enhancement in farmer price realizationAnjani Sinha 8 Inter-temporal transfer of news and a possible asymmetry futures trading in agro-commoditiesSangeeta Chakrabarti and Nilabja Ghosh 9 Econometric analysis of efficiency of agro-commodity futures market and price discoveryAK Vashisht 10 Do we need agro-futuresG Chandrashekhar 11 Role of market microstructure in climate futures tradingAnandajit Goswami and Nitya Nanda 12 Role of financial institutions in commodity derivativesMadhoo Pavaskar and Sarika Rachuri 13 Exchange rates energy and expensive metal futures during the global economic crisisShivakumar KM and P Paramasivam 14 Role of commodity derivatives in global meltdownSugandha Sachdeva and Parul KumarThis book is a collection of select papers presented at the seminar on Commodity Derivative Markets Opportunities and Challenges organized by Takshashila Academia of Economic Research in association with the Institute for Studies in Industrial Development ISID The papers in this book focus on three key themes -- strengthening and expanding the scope of commodity derivative trading; impact of futures trading on commodity prices; and role of commodity derivative markets in the global meltdownThe contributors are leading scholars in their respective fields They address important issues relating to commodity derivative markets and the book will serve as a reference tool for market players and market regulators alike and will also assist the latter in decision making 214 pp.…