Climate Trading provides a comprehensive overview of the emerging greenhouse gas emissions trading markets. The book covers events in the UN climate negotiations and the development of the international emissions trading system under the Kyoto Protocol. The key focus of the book is the emerging...

This book, unique in its composition, reviews the academic empirical literature on how CDSs actually work in practice, including during distressed times of market crises. It also discusses the mechanics of single-name and index CDSs, the theoretical costs and benefits of CDSs, as well as...

This book focuses on extending the models and theories (from a mathematical/statistical point of view) which were introduced in the first volume to a more technical level. Where volume I provided an introduction to the mathematics of bubbles and contagion, volume II digs far more deeply and...

Part I: Econometrics of Financial Markets -- Information Asymmetry, Liquidity and the Dynamic Volume-Return Relation in Panel Data Analysis -- Density forecasts of emerging markets’ exchange rates using Monte Carlo simulation with regime switching -- Determination of the own funds requirements...

This book explores the political aspects of China's climate change policy, focusing on the newly established carbon markets and carbon trading schemes. Lo makes a case for understanding the policy change in terms of discourse and in relation to narratives of national power and development

This book applies the multidisciplinary approaches of econometrics, statistics, finance and artificial intelligence for pricing and forecasting the carbon market in the context of managerial issues. It explores the related issues of pricing and forecasting the carbon market using theoretical...

Gernot Hinterleitner und Philipp Hornung verbinden über ein wirtschaftswissenschaftliches Experiment zwei Gebiete der Finanzmarktforschung. Zuerst wird die Marktqualität unterschiedlicher Handelsformen analysiert, anschließend wird der Insiderhandel innerhalb dieser Marktformen betrachtet....

1. Introduction to Emissions Trading -- 2. CO2 Price Fundamentals -- 3. Link With The Macroeconomy -- 4. The Clean Development Mechanism -- 5. Risk-Hedging Strategies And Portfolio Management -- 6. Advanced Topics: Time-To-Maturity and Modeling the Volatility of Carbon Prices -- Solutions -- Index

1 Introduction -- 2 The Issue of Climate Change.- 3 The Rise of the Emission Markets -- 4 The Economics of Mitigation Strategies -- 5 The Finance of Environment Investments -- 6 The Emission Price Dynamics -- Bibliography