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