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.

[img] Microsoft Word (Conference-St.Andrews.doc)
Download (181kB)

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: 05 Jul 2020 23:26
URI: https://ueaeprints.uea.ac.uk/id/eprint/34637
DOI:

Actions (login required)

View Item View Item