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

Research output: Contribution to conferencePaperpeer-review

Abstract / Description of output

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.
Original languageEnglish
Publication statusPublished - 2011
EventScottish Doctoral Management Conference - St Andrews, United Kingdom
Duration: 26 May 201127 May 2011

Conference

ConferenceScottish Doctoral Management Conference
Country/TerritoryUnited Kingdom
CitySt Andrews
Period26/05/1127/05/11

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