European Union Emissions Trading Scheme (EU-ETS) Futures Liquidity Effects: Evidence from the European Energy Exchange (EEX)

Ibikunle, Gbenga and Gregoriou, Andros (2011) European Union Emissions Trading Scheme (EU-ETS) Futures Liquidity Effects: Evidence from the European Energy Exchange (EEX). In: 8th International Conference on Advances in Applied Financial Economics, 2011-06-30 - 2011-07-02.

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Abstract

We examine liquidity effects after the onset of trading in phase II of the EU-ETS for European Union Allowance (EUA) futures contracts. We obtain evidence of long-term improvement in liquidity of the EEX EUA December 2008 futures contract after the commencement of trading in phase II. Our 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)
Faculty \ School:	Faculty of Social Sciences > Norwich Business School
Depositing User:	Gbenga Ibikunle
Date Deposited:	30 Sep 2011 08:04
Last Modified:	15 Dec 2022 01:04
URI:	https://ueaeprints.uea.ac.uk/id/eprint/34919
DOI:

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