European airports are now widely recognised as having a considerable economic and social impact on their surrounding regions. These impacts go far beyond the direct effect of an airport’s operation on itsneighbours to the wider benefits that air service accessibility brings to regional business...

This paper deals with the modeling of the relationship of European Union Al-lowance spot- and futures-prices within the second commitment period of the Eu-ropean Union Emission Trading Scheme. Based on high frequency data, we analyzecausality in the ¯rst and the second conditional moments. To...

[...]In this article, we pursue a transaction-oriented line ofresearch to help track short-term exchange rate movements. Byexamining a publicly available data set well known to currencymarket analysts—net positions held by speculators in thefutures market—we are able to document a strong...