Sabbaghi, Omid; Sabbaghi, Navid - In: Journal of Economics and Finance 38 (2014) 2, pp. 209-234
This study provides an empirical investigation of the price volatility—trading volume relationship for the Carbon Financial Instrument (CFI). A CFI is a financial contract that is traded on the Chicago Climate Exchange (CCX) and represents the right to emit 100 metric tons of CO<Subscript>2</Subscript> equivalent....</subscript>
