LEADER 03037nam 22005655 450 001 9910299362803321 005 20240724113853.0 010 $a9783319728476 010 $a3319728474 024 7 $a10.1007/978-3-319-72847-6 035 $a(CKB)4100000002485400 035 $a(MiAaPQ)EBC5347215 035 $a(DE-He213)978-3-319-72847-6 035 $a(NBER)w18504 035 $a(PPN)254063667 035 $a(Perlego)3492449 035 $a(EXLCZ)994100000002485400 100 $a20180226d2018 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aCarbon Markets $eMicrostructure, Pricing and Policy /$fby Gbenga Ibikunle, Andros Gregoriou 205 $a1st ed. 2018. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2018. 215 $a1 online resource (243 pages) 311 08$a9783319728469 311 08$a3319728466 327 $a1: Introduction - A descriptive and critical analysis of the key emissions trading schemes around the world -- 2: Econometric Approaches in Carbon Markets -- 3. The Impact of Large/Block Trades on the Price Discovery Process -- 4: Short and Long-term Liquidity Effects -- 5: Liquidity and Market Efficiency in Carbon Markets -- 6: Price Slumps and Policy -- 7: Conclusion. . 330 $aThis book explores the microstructure of carbon markets and the pricing of carbon financial instruments generally. It provides a critical microstructure analysis of the EU Emissions Trading Scheme (EU-ETS), and also examines the theoretical and related market design issues affecting emissions trading schemes. Individual chapters analyse how intraday pricing evolves in carbon markets, the price impact of block trades in carbon financial instruments and their determinants, short and long-term liquidity effects in carbon markets, and the links between carbon market liquidity and efficiency. The aforementioned issues are explored using case studies of two major trading platforms operating within the EU-ETS. The book concludes by focusing on future policy and regulatory challenges in carbon markets, especially with respect to addressing pricing volatility challenges. 606 $aInternational finance 606 $aFinancial services industry 606 $aEnvironmental economics 606 $aInternational Finance 606 $aFinancial Services 606 $aEnvironmental Economics 615 0$aInternational finance. 615 0$aFinancial services industry. 615 0$aEnvironmental economics. 615 14$aInternational Finance. 615 24$aFinancial Services. 615 24$aEnvironmental Economics. 676 $a363.7387 700 $aIbikunle$b Gbenga$4aut$4http://id.loc.gov/vocabulary/relators/aut$01063681 702 $aGregoriou$b Andros$4aut$4http://id.loc.gov/vocabulary/relators/aut 906 $aBOOK 912 $a9910299362803321 996 $aCarbon Markets$92533663 997 $aUNINA