Addressing COP21 using a stock and oil market integration index
COP21 implementation should lead to a decline in the future demand for fossil fuels.One key implication for investors is how to manage this risk. We construct a monthly stock and oil market integration index and demonstrate that oil investors can offset adverse oil price risk by holding diversified...
Main Authors: | , , , |
---|---|
Format: | Article |
Published: |
Elsevier Ltd.
2018
|
Subjects: |