Aktuelle Daten zu den weltweiten Nettostromimporten zeigen, dass in den vergangenen Jahren eine gewisse Dynamik in den Entwicklungen der Nettostromimporte in Europa entstanden ist. So hat Deutschland im Jahr 2008 netto Strom exportiert, während sich für die 1990er sowie die frühen 2000er...

This paper applies different copulas in order to investigate the complex dependence structure between EU emission allowance (EUA) futures returns and those of other commodities, equity and energy indices. The analysis yields important insights into the relationship between carbon, commodities...

This paper is concerned with carbon price volatility and the underlying causes of large price movements in the European emissions trading market. Based on the application of a combined jump-GARCH model the behavior of EUA prices is characterized. The jump-GARCH model explains the unsteady carbon...

This paper proposes a new measure for the evaluation of financial market efficiency, the so-called intermittency coefficient. This is a multifractality measure that can quantify the deviation from a random walk within the framework of the multifractal random walk model by Bacry et al. (2001b)....