The static natural gas pricing model is proved no longer sufficient to capture and reflect the dynamics in temperature risks especially in Alberta temperature. Strong seasonality is observed in the volatile hourly Alberta temperature and its low- and high-order statistical moments. We propose a...

In the context of both the reluctance of China to make its Yuan flexible and the current havoc of the sovereign debt markets in Europe, the philosophical debate about the pros and cons of fixed versus flexible exchange rates leaves out an important superior alternative system: flexible spot...