Carbon Markets Microstructure, Pricing and Policy /

This book explores the microstructure of carbon markets and the pricing of carbon financial instruments generally. It provides a critical microstructure analysis of the EU Emissions Trading Scheme (EU-ETS), and also examines the theoretical and related market design issues affecting emissions tradin...

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Bibliographic Details
Main Authors: Ibikunle, Gbenga (Author, http://id.loc.gov/vocabulary/relators/aut), Gregoriou, Andros (http://id.loc.gov/vocabulary/relators/aut)
Corporate Author: SpringerLink (Online service)
Format: Electronic eBook
Language:English
Published: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2018.
Edition:1st ed. 2018.
Subjects:
Online Access:Full Text via HEAL-Link
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245 1 0 |a Carbon Markets  |h [electronic resource] :  |b Microstructure, Pricing and Policy /  |c by Gbenga Ibikunle, Andros Gregoriou. 
250 |a 1st ed. 2018. 
264 1 |a Cham :  |b Springer International Publishing :  |b Imprint: Palgrave Macmillan,  |c 2018. 
300 |a XVI, 234 p. 10 illus.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
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505 0 |a 1: Introduction - A descriptive and critical analysis of the key emissions trading schemes around the world -- 2: Econometric Approaches in Carbon Markets -- 3. The Impact of Large/Block Trades on the Price Discovery Process -- 4: Short and Long-term Liquidity Effects -- 5: Liquidity and Market Efficiency in Carbon Markets -- 6: Price Slumps and Policy -- 7: Conclusion. . 
520 |a This book explores the microstructure of carbon markets and the pricing of carbon financial instruments generally. It provides a critical microstructure analysis of the EU Emissions Trading Scheme (EU-ETS), and also examines the theoretical and related market design issues affecting emissions trading schemes. Individual chapters analyse how intraday pricing evolves in carbon markets, the price impact of block trades in carbon financial instruments and their determinants, short and long-term liquidity effects in carbon markets, and the links between carbon market liquidity and efficiency. The aforementioned issues are explored using case studies of two major trading platforms operating within the EU-ETS. The book concludes by focusing on future policy and regulatory challenges in carbon markets, especially with respect to addressing pricing volatility challenges. 
650 0 |a International finance. 
650 0 |a Investment banking. 
650 0 |a Securities. 
650 0 |a Environmental economics. 
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650 2 4 |a Investments and Securities.  |0 http://scigraph.springernature.com/things/product-market-codes/626020 
650 2 4 |a Environmental Economics.  |0 http://scigraph.springernature.com/things/product-market-codes/W48000 
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