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- W3122103363 abstract "We provide the first intraday analysis on the contribution to price discovery of two emissions carbon credits: European Union Allowances (EUAs) and Certified Emission Reductions (CERs). We find that EUAs lead price discovery but CERs play a growing role and, therefore, should not be ignored. Keywords: European Union Allowances; Certified Emission Reductions; co-integration, price-discovery; high frequency data; intraday analysis. JEL Classifications: G10" @default.
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- W3122103363 date "2013-09-01" @default.
- W3122103363 modified "2023-10-03" @default.
- W3122103363 title "Carbon Credits: Who is the Leader of the Pack?" @default.
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