Deregulation in energy markets has entailed important changes in the way agents conduct business. Price risk arises as a result of fluctuations in the future price of electricity and agents assume long or short positions in the forward and spot markets to hedge their exposure to price risk. The...

Statistical analyses regarding climate studies have often used the average temperature as one of the main variables. However, the tails of the respective distributions are also crucial and have become increasingly considered in recent years. As the Intergovernmental Panel on Climate Change in...

This paper examines the influence of Spanish major political events on stock market performance by testing the empirical implications of the existing theories focused on the connection between politics and stock exchanges. On the one hand, our findings give support to the partisan politics...