Carbon Futures Liquidity Effects: Evidence from the European Energy Exchange (EEX)

Ibikunle, Gbenga (2011) Carbon Futures Liquidity Effects: Evidence from the European Energy Exchange (EEX). In: 7th Scottish Doctoral Management Conference, 2011-05-26 - 2011-05-27, University of St Andrews.

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Abstract

The study examines liquidity effects after the onset of trading in phase II of the EU-ETS for EUA futures contracts. Using the orthodox market model and liquidity proxies, evidence of long-term improvement in liquidity of the EEX EUA December 2008 futures contract after the commencement of trading in phase II is obtained. Results suggest the application of a new regime of trading rules in phase II led to the improvements in liquidity.

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	Awarded Best Paper in Socially Responsible Investments/Finance Track
Faculty \ School:	Faculty of Social Sciences > Norwich Business School
Depositing User:	Gbenga Ibikunle
Date Deposited:	08 Sep 2011 09:17
Last Modified:	20 Dec 2022 11:30
URI:	https://ueaeprints.uea.ac.uk/id/eprint/34637
DOI:

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