Market efficiency and the basis in the European Union Emissions Trading Scheme

Purpose – The purpose of this paper is to investigate the validity of the cost of carry model by examining the time series properties of the deviation between future and spot prices in the European Union Emissions Trading Scheme (EU-ETS) over the time period 2005-2012. The paper utilizes a non-linea...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Journal of economic studies (Bradford) 2014-07, Vol.41 (4), p.615-628
Hauptverfasser:	Gregoriou, Andros, Healy, Jerome, Savvides, Nicola
Format:	Artikel
Sprache:	eng
Schlagworte:	Arbitrage Carbon dioxide Compliance Deviation Economic analysis Economic crisis Economic models Economics Efficiency Efficient markets Emissions trading Futures Hypotheses Mathematical/quantitative economics Permits Prices Recessions Sovereign debt Supplies Time series
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!