NAGIOS: RODERIC FUNCIONANDO

The inconvenience yield of carbon futures

Repositori DSpace/Manakin

dc.contributor.author	Pardo Tornero, Ángel
dc.contributor.author	Palao, Fernando
dc.date.accessioned	2022-03-29T07:16:42Z
dc.date.available	2022-03-30T04:45:05Z
dc.date.issued	2021	es_ES
dc.identifier.citation	Fernando Palao, Ángel Pardo, The inconvenience yield of carbon futures, Energy Economics, Volume 101, 2021, 105461, ISSN 0140-9883, Elsevier	es_ES
dc.identifier.uri	https://hdl.handle.net/10550/82067
dc.description.abstract	Since 2009, the European Carbon Futures Market has been in a permanent contango situation that is characterised by systematic negative convenience yields that allow investors to exploit profitable arbitrage opportunities. The objective of this paper is to analyse the possible drivers of these negative convenience yields. Our empirical results indicate that although some carbon trading variables are behind this contango situation, the carbon inconvenience yield is better explained if other financial markets and variables are considered, suggesting a financialization of the European Carbon Futures Market.	es_ES
dc.language.iso	en	es_ES
dc.subject	carbon futures	es_ES
dc.subject	contango	es_ES
dc.subject	convenience yield	es_ES
dc.subject	ice	es_ES
dc.title	The inconvenience yield of carbon futures	es_ES
dc.type	journal article	es_ES
dc.subject.unesco	UNESCO::CIENCIAS ECONÓMICAS	es_ES
dc.identifier.doi	10.1016/j.eneco.2021.105461	es_ES
dc.identifier.idgrec	150855
dc.accrualmethod	S	es_ES
dc.embargo.terms	0 days	es_ES