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...

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Bibliographic Details
Main Authors: Batten, Jonathan A., Kinateder, Harald, Szilagyi, Peter G., Wagner, Niklas F.
Format: Article
Published: Elsevier Ltd. 2018
Subjects: