000778564 000__ 05689cam\a2200589Ii\4500 000778564 001__ 778564 000778564 005__ 20230306142842.0 000778564 006__ m\\\\\o\\d\\\\\\\\ 000778564 007__ cr\nn\nnnunnun 000778564 008__ 161222s2017\\\\enk\\\\\ob\\\\001\0\eng\d 000778564 019__ $$a974649485 000778564 020__ $$a9781137594617$$q(electronic book) 000778564 020__ $$a1137594616$$q(electronic book) 000778564 020__ $$z9781137594600 000778564 0247_ $$a10.1057/978-1-137-59461-7$$2doi 000778564 035__ $$aSP(OCoLC)ocn966670957 000778564 035__ $$aSP(OCoLC)966670957$$z(OCoLC)974649485 000778564 040__ $$aN$T$$beng$$erda$$epn$$cN$T$$dDKDLA$$dOCLCO$$dN$T$$dYDX$$dAZU$$dUAB$$dN$T$$dCCO$$dUPM$$dOCLCF$$dIOG 000778564 049__ $$aISEA 000778564 050_4 $$aHD9560.4$$b.G58 2017 000778564 08204 $$a332.0415$$223 000778564 1001_ $$aGkanoutas-Leventis, Angelos,$$eauthor. 000778564 24510 $$aSpikes and shocks :$$bthe financialisation of the oil market from 1980 to the present day /$$cAngelos Gkanoutas-Leventis. 000778564 264_1 $$aLondon :$$bPalgrave Macmillan,$$c2017. 000778564 300__ $$a1 online resource 000778564 336__ $$atext$$btxt$$2rdacontent 000778564 337__ $$acomputer$$bc$$2rdamedia 000778564 338__ $$aonline resource$$bcr$$2rdacarrier 000778564 347__ $$atext file$$bPDF$$2rda 000778564 4901_ $$aPalgrave pivot 000778564 504__ $$aIncludes bibliographical references and index. 000778564 5050_ $$aSpikes and Shocks; Acknowledgements; Contents; List of Figures; List of Tables; 1 Introduction; Reference; Part I Conceptualising Financialisation; 2 The History of the Oil Market until the 1980s; References; 3 The Many Faces of Financialisation; 3.1 The Systemic Perspective: Regimes, Capital and Financial Geography; 3.2 The Institutional Perspective: Looking beyond the Real Production-Financial Profit Nexus; 3.3 Could the Institutional and the Systemic Approaches be Bridged?; References 000778564 5058_ $$a4 Finance and the Oil Market: Introducing a Comprehensive Approach to Analysing the Financialisation Process4.1 Analysing Financialisation: Financial Economy vs Real Economy, Conceptualising Performativity and the Emergence of New Financial Actors; 4.1.1 Performativity and Performative Cycles; 4.2 Analysing Financialisation: Behaviour of the Financial Actors; 4.2.1 The Behavioural Finance Approach: From the False Sense of Control to 'Mob Psychology'; 4.3 Analysing Financialisation: The Role of Technology and Regulatory Evolution; Note; References 000778564 5058_ $$aPart II The Three Phases of Oil Financialisation5 Oil Products and Oil-Based Financial Products; References; 6 Oil Shocks as Barometers of the Financialisation Process; 6.1 Oil Shocks and Macroeconomic Performance; References; 7 The Three Phases of Oil Financialisation: Early Financialisation (1980-1999); 7.1 Macroeconomic Background; 7.2 The Oil Price Spike Effects; 7.3 Financial Dimension of Oil Markets: The Emergence of Oil Futures and Swap Investments; References; 8 The Three Phases of Oil Financialisation: Low Financialisation (1999-2002); 8.1 Macroeconomic Background 000778564 5058_ $$a8.2 Technology and Regulation: The Three Factors that Changed the Oil MarketReferences; 9 The Three Phases of Oil Financialisation: Advanced Financialisation (2002-2015); 9.1 Macroeconomic Background; 9.2 The 2008 Oil Price Shock and the Role of Speculative Financial Activity; 9.3 Independent Variables Shaping the Market Dynamics; 9.3.1 Drivers behind Speculation on Oil Markets; References; Part III Financialisation of Oil Market and Evolution of Oil Market's Actor Structure; 10 Financialisation of the Oil Market: The Four-Actor Structure 000778564 5058_ $$a10.1 The New Group of Actors on the Oil Market: Characteristics and Behaviour10.1.1 Speculative Behaviour of New Market Actors; 10.2 New Financial Market Players Transforming the Oil Market: Oil Spot Prices and Futures Prices in Focus; 10.2.1 Expectations and Behaviour of the Financial Actors; References; 11 Epilogue; References; Index 000778564 506__ $$aAccess limited to authorized users. 000778564 520__ $$aThis book suggests that price volatility and speculation in the oil market originate from a decades-long process of financialisation. The author contradicts mainstream critical accounts of the market that typically invoke the notion of a global oil shortage and so-called 'peak oil' arguments. Instead, he argues that the development of the market has been punctuated by recurring oil price shocks. Chapters examine the evolution of the international oil market and investigate how the process of financialisation has transformed the structure and dynamics of the global oil market from 1970 to the present. The book suggests that the financialisation process is both the cause and the proof of a profound change in the structure of the global oil market that has turned the triangle of producers, consumers, and mediators into a four-tier structure through the addition of financial actors. Angelos Gkanoutas-Leventis is a political economist with commercial experience working for national and international oil companies. He is very active in the development of the hydrocarbon industry in the South East Mediterranean, having founded the Greek Energy Forum. He is also a member of the City Political Economy Research Centre (CITYPERC). . 000778564 588__ $$aOnline resource; title from PDF title page (viewed February 6, 2017). 000778564 650_0 $$aFinance. 000778564 650_0 $$aInvestment banking. 000778564 650_0 $$aSecurities. 000778564 650_0 $$aCapital market. 000778564 650_0 $$aEconomic history. 000778564 650_0 $$aFinancial History 000778564 650_0 $$aInvestments and Securities 000778564 77608 $$iPrint version:$$z9781137594600 000778564 830_0 $$aPalgrave pivot. 000778564 852__ $$bebk 000778564 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1057/978-1-137-59461-7$$zOnline Access$$91397441.1 000778564 909CO $$ooai:library.usi.edu:778564$$pGLOBAL_SET 000778564 980__ $$aEBOOK 000778564 980__ $$aBIB 000778564 982__ $$aEbook 000778564 983__ $$aOnline 000778564 994__ $$a92$$bISE