We study structural breaks in the European Union Trading System's emission allowance price process during Phase II and Phase III, covering the years 2008 to 2016. We find that there is a structural break between Phase II and Phase III. However, there are several regimes within each of these...

This paper studies existence of structural breaks in the average return and volatility of the Bitcoin price. We utilize a Bayesian change point model to detect structural breaks and to partition the time series into segments. We find that structural breaks in average returns and volatility of...