The quest to reduce national and global environmental impacts has had a significant impact on the construction industry. In most developed countries, the construction sector is responsible for 35% of waste generation, 32% of energy consumption, and 19% of greenhouse gas (GHG) emissions. Both theory...

Nobel Prize for Economics in 2008, Paul Krugman defends a Keynesian view on the current crisis, stressing the positive role that public spending can play in relaunching the economy, thereby fusting supporters of austerity plans, so the problem of the euro area is not that of Member States’ budgetary...

This diploma presents predictive markets, which are a means of aggregating information by using the underlying processes of the financial markets and offering forward contracts representing the probability of a proposal occurring. Publications in the field of finance, management or IT refer to the u...

This article brings new insights on the role played by (implied) volatility on the WTI crude oil spot price. An increase in the volatility subsequent to an increase in the oil price (i.e. inverse leverage effect) remains the dominant effect as it might reflect the fear of oil consumers to face risin...

The forests of the Congo Basin are among the world’s best preserved forest areas. However, the factors driving deforestation elsewhere in the world are also evident in this sub-region of the world. The theory of forest transition describes how the trend of declining forest land at national level can...

This paper studies the problem of trading futures with transaction costs when the underlying spot price is mean-reverting. Specifically, we model the spot dynamics by the Ornstein-Uhlenbeck (OU), Cox-Ingersoll-Ross (CIR), or exponential Ornstein-Uhlenbeck (XOU) model. The futures term structure is d...

Drinking water service in Tunisia is characterised by its good performance, officially attributed to centralised public management and social policy in the sector for more than 40 years. The latter essentially relied on a double equalisation: territorial and between consumption levels. This article...

International audience <p>With the increased availability of high-frequency financial market data in recentyears, the extraction of “realized” volatility (from intraday squared returns) has led to numerous theoretical developments and empirical applications for a wide range of equity and commodity m...

This article examines the nature of price formation and transmission in the Tanzanian coffee price chain. To date, research on the real-world processes of price formation have been scant in economic geography and extant literatures. This article addresses this by focusing on price formation in geogr...

<p>The present study empirically examines the impact of Stock Futures on India's underlying Energy Sector Stocks by incorporating the Structural breaks in the AR (1)-GARCH (1, 1) model. Although the issues relating to the effect of Derivatives trading on Cash Market Volatility have been empirically...

The causal relationships between spot and futures crude oil prices have attracted the attention of many researchers in the past several decades. Most of the studies, however, do not distinguish among the various oil market situations in analyses of linear and nonlinear causalities. In light of the f...

This &nbsp;paper &nbsp;examines &nbsp;hedging &nbsp;effectiveness &nbsp;of &nbsp;four &nbsp;agricultural &nbsp;(soybean, &nbsp;corn, &nbsp;castor&nbsp;seed and guar seed) and seven non-agricultural (gold, silver, aluminium, copper, zinc, crude&nbsp;oil &nbsp;and, &nbsp;natural &nbsp;gas) &nbsp;futur...

Forecasting the hourly spot price of day-ahead and intraday markets is particularly challenging in electric power systems characterized by high installed capacity of renewable energy technologies. In particular, periods with low and high price levels are difficult to predict due to a limited number...

The model presented by HOLTHAUSEN (1979) extends the original SANDMO model (1971) for a competitive company with low price uncertainty and risk aversion. The essential contribution made by HOLTHAUSEN is to consider that there is a futures market for the good that the company produces, which leads to...

The purpose of the article is to identify and estimate the dependency model for the extreme prices of agricultural products listed on the Chicago Mercantile Exchange. The article presents the results of the first stage of research covering the time interval 1975&#8722;2010. The selected products are...

<p>The paper proposes modification of auto-regressive integrated moving average model for finding the parameters of estimation and forecasts using exponential smoothing. The study use data Brent crude oil price and gas prices in the period from January 1991 to December 2016. The result of the study...

Market efficiency is analysed for the Iberian Power Futures Market and other European Power Markets, as well as other fuel markets through evaluation of ex-post Forward Risk Premium. The equilibrium price from compulsory call auctions for distribution companies within the framework of the Iberian Po...

The purpose of this study is to address the link between the increase in the price of agricultural commodities and their financial speculation on the Commodity and Futures Stock Exchange (BM FBOVESPA), as well as the role of government regulation and self-regulation exercised by BM FBOVESPA itself i...

Commodity futures markets play an important role, through risk management and price discovery, in helping firms make sustainable production and marketing decisions. An important related issue is how pricing signals between futures exchanges impact traders&rsquo; risk. We address this issue by sheddi...

This<b> </b>study applies machine learning methods to develop a sustainable pairs trading market-neutral investment strategy across multiple futures markets. Cointegrated pairs with similar price trends are identified, and a hedge ratio is determined using an Error Correction Model (ECM) framework a...

<p align="center"><strong>Abstract</strong></p><p>Cryptocurrency is virtual money that does not have a physical form or concrete form in cyberspace. ‎One of the few types of crypto money is bitcoin. The use of bitcoin as a means of payment in e-commerce ‎lately has become increasingly widespread and...

<p>The study aims at finding the intraday Lead-Lag relationship between Spot and Futures Market for Energy Sectors Stocks on which Single Stock Futures (SSFs) is available, by applying 1-Minute Price Returns for the period ranging from 1^stApril 2017 to 31^st March 2019. The stu...

<p>This paper investigates the lead-lag relationship between spot and futures markets of the most representative energy sources under three different scenarios using the Vector Error Correction Model. Additionally, a ratio of speed of adjustment was built in order to establish the market contributio...

<p>In this paper we investigate the integration of financial derivatives with crude oil prices. The novelty of our paper is its focus on the impact of energy related Exchange Related Funds (ETFs) on crude oil prices. In the previous studies this relationship was studied only between equity markets a...

In the last twenty years, many huge ups and downs have been seen in not only oil prices but also in other spot and derivative' energy prices too. This study has two main purposes. The main purpose of the study is to detect bubbles and their beginning and ending dates in energy derivatives futures pr...