The European Union defined itself as a global leader in the promotion and development of renewable energy sources. The European Union initiated crucial changes in renewable energy policies in its Member States. This paper presents the results of a comprehensive analysis of policy debate and...

The paper proposes a multi-factor international asset pricing model in which the exchange rate is allowed to be co-determined by a risk factor imperfectly correlated to other priced risks in the economy. The significance of this factor can be established as long as one is able to observe a proxy...