Dynamic connectedness between energy markets and the Brazilian cash market

What is it about?

This study dives into the dynamic connectedness between commodity futures and the Brazilian cash markets. We took an in-depth look at how the absence of a mature futures market exposes Brazil's significant commodity production to international shocks and price risks.

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Why is it important?

These insights deepen comprehension of connectedness within Brazilian commodity markets, thereby guiding investors and policymakers in strategic energy policy decisions.