The Interrelationship Between Financial and Energy Markets

✍ Scribed by Sofia Ramos, Helena Veiga (eds.)

Publisher: Springer-Verlag Berlin Heidelberg
Year: 2014
Tongue: English
Leaves: 315
Series: Lecture Notes in Energy 54
Edition: 1
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

In the last decade, energy markets have developed substantially due to the growing activity of financial investors. One consequence of this massive presence of investors is a stronger link between the hitherto segmented energy and financial markets. This book addresses some of the recent developments in the interrelationship between financial and energy markets. It aims to further the understanding of the rich interplay between financial and energy markets by presenting several empirical studies that illustrate and discuss some of the main issues on this agenda.

✦ Table of Contents

Front Matter....Pages i-xxi
Front Matter....Pages 1-1
Risk Factors in the Oil Industry: An Upstream and Downstream Analysis....Pages 3-32
Cost, Risk-Taking, and Value in the Airline Industry....Pages 33-54
Front Matter....Pages 55-55
Oil Prices, Volatility, and Shocks: A Survey....Pages 57-70
Oil Shock Transmission to Stock Market Returns: Wavelet-Multivariate Markov Switching GARCH Approach....Pages 71-111
Forcing Variables in the Dynamics of Risk Spillovers in Oil-Related CDS Sectors, Equity, Bond and Oil Markets and Volatility Market Risks....Pages 113-140
Oil Futures Market: A Dynamic Model of Hedging and Speculation....Pages 141-155
Evaluating the Empirical Performance of Alternative Econometric Models for Oil Price Forecasting....Pages 157-181
Front Matter....Pages 183-183
Commodity Price Interaction: CO 2 Allowances, Fuel Sources and Electricity....Pages 185-213
An Overview of Electricity Price Regimes in the U.S. Wholesale Markets....Pages 215-232
Pricing Futures and Options in Electricity Markets....Pages 233-260
Switching from Feed-in Tariffs to a Tradable Green Certificate Market....Pages 261-280
Unobserved Heterogeneous Effects in the Cost Efficiency Analysis of Electricity Distribution Systems....Pages 281-302

✦ Subjects

Financial Economics; Energy Policy, Economics and Management; Finance/Investment/Banking; Industrial Organization

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