Search results for "EUAs"
showing 3 items of 3 documents
Assessing Rollover Criteria for EUAs and CERs
2014
This study discusses how to roll over European Union Allowances (EUAs) and Certified Emissions Reduction (CERs) futures contracts with different maturities. The aim is to elucidate whether or not the choice of rollover date is important when constructing EUAs and CERs continuous futures time series. We have applied five different methodologies to link the series and our findings indicate that return distributions do not significantly differ for the different criteria. This result has direct practical implications in the field of applied econometrics of carbon markets given that we prove that the selection of the simple last-day rollover methodology criterion has no downside not only in term…
Données nouvelles sur Euaspidoceras ferrugineum Jeannet, Ammonitina (Aspidoceratidae) du Callovien supérieur
1998
Abstract A section at the top of Upper Callovian deposits at Louesme (district of Montigny-sur-Aube, Cote-d'Or, France) reveals an unbroken series of strata between the top of the Athleta zone and the base of the Lamberti zone (Upper Callovian). A few specimens of Aspidoceratinae, collected with primitive Quenstedtoceras, are refered to Euaspidoceras ferrugineum Jeannet (1951) . The characters of this species, which was created for individuals collected from the Herznach Mine (Northern Switzerland), are poorly defined from the Swiss material and little is known for this stratigraphic extent. The new find provides information about the ontogeny and the stratigraphic extent of Euaspidoceras f…
Carbon and safe-haven flows
2022
<abstract> <p>This paper explores the role of European Union Allowances (EUAs) as a safe haven for a range of assets and analyses the effect of safe-haven flows on the European carbon futures market. In particular, we demonstrate that EUAs can be considered a refuge against fluctuations in corporate bonds, gold and volatility-related assets in periods of market turmoil. Furthermore, we have shown that extremely bearish and bullish movements in those assets for which the EUA acts as a safe haven induce excess volatility in carbon markets, higher carbon trading volume and larger than normal EUA bid-ask spreads. These findings support the idea that some traders, by considering carb…