Controlling Commodity Speculation Jayati Ghosh

The financial reform legislation passed by the U.S. Senate can help plug, at least partially, the loopholes that allowed frenzied activity in commodity futures markets and generated severe price volatility in many primary commodities. In fact, given the tremendous influence of the U.S. in shaping financial systems globally, even these relatively limited new regulations, if they actually come into play, could force some positive changes elsewhere as well.

Speculation (Download the full text in PDF format)