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Chernobyl, commodities, and chaos: An examination of the reaction of commodity futures prices to evolving information

✍ Scribed by Stephen W. Pruitt; Wuttipan Tawarangkoon; K. C. John Wei

Publisher: John Wiley and Sons
Year: 1987
Tongue: English
Weight: 814 KB
Volume: 7
Category: Article
ISSN: 0270-7314
DOI: 10.1002/fut.3990070508

No coin nor oath required. For personal study only.

✦ Synopsis

his study presents an analysis of the impact of the Chernobyl nuclear accident T upon the domestic futures prices of commodities reportedly produced in quantity in the region of the reactor. The results of the study, which test the pricing and volatility rationality of commodity markets, strongly support the semi-strong form version of the efficient markets hypothesis since the observed price and volatility reactions are largely consistent with the evolving information content of the accident.

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