Showing 1 - 10 of 10
Competition ensures competitive prices. In this respect, the liberalisation of the EU energy markets is a must. The … regulatory framework for the energy markets should be properly designed and implemented by the member states in order to ensure … enough competition. This paper aims to analyse the status quo of the EU energy markets in terms of regulatory framework and …
Persistent link: https://www.econbiz.de/10005616876
her energy market; namely, electricity, natural gas, petroleum and liquefied petroleum gas industries, which requires … measures introduced are optimal. The present dissertation attempts to answer, first, whether or not recently introduced energy … market reforms in Turkey are optimal from an economic perspective to ensure a fully functioning energy market; and second …
Persistent link: https://www.econbiz.de/10008740582
This paper applies the general insights of liberalization of the electricity and gas market to the market conditions of … experience of liberalizing its energy market by reviewing those developments that produced its current shape. In fact there are … two possible scenarios Polish policy makers can follow in liberalizing its energy sector. One would involve the UK …
Persistent link: https://www.econbiz.de/10008526970
Leoni, support for green power has profoundly distorted the functioning of the Italian energy market. As solar power is …
Persistent link: https://www.econbiz.de/10011111256
In a recent article, Ederington (1979) examined the hedging performance of financial futures markets using a portfolio … model derived from the hedging theories of Stein (1961) and Johnson (1960). His article concluded that GNMA futures were … misspecification of the model and to test whether the hedging effectiveness of the T-Bill futures market has changed after three years …
Persistent link: https://www.econbiz.de/10011107838
The September 30, 1978 legislation (P.L. 95-405), which renewed the authority of the CFTC to regulate futures markets, directs the Commission to solicit the advice of the Treasury and the Federal Reserve before authorizing any additional futures contracts that specify delivery of U.S. Government...
Persistent link: https://www.econbiz.de/10011109710
In a recent article, Puglisi developed and tested a model for evaluating the efficiency of the Treasury bill futures market. He found that the market for Treasury bill futures was not efficient because arbitrage opportunities existed involving transactions in futures and outstanding Treasury...
Persistent link: https://www.econbiz.de/10011110375
Until the existence of financial futures, testing the determinants and the informational content of futures market prices has been difficult because of the vagaries associated with commodity markets. In the case of Treasury bill futures, the existence of an active secondary market and the...
Persistent link: https://www.econbiz.de/10011112305
.e., the hedging effectiveness of currency futures markets. In particular, the present work demonstrates that the futures … markets for British pounds, German marks, and Japanese Yen have been as effective as hedging devices as have some of the long …
Persistent link: https://www.econbiz.de/10011114149
The September 30, 1978 legislation (P.L. 95-405), which renewed the authority of the CFTC to regulate futures markets, directs the Commission to solicit the advice of the Treasury and the Federal Reserve before authorizing any additional futures contracts that specify delivery of U.S. Government...
Persistent link: https://www.econbiz.de/10011196423