The Interrelationship Between Financial and Energy Markets

In the last decade, energy markets have developed substantially due to the growing activity of financial investors. One consequence of this massive presence of investors is a stronger link between the hitherto segmented energy and financial markets. This book addresses some of the recent developments in the interrelationship between financial and energy markets. It aims to further the understanding of the rich interplay between financial and energy markets by presenting several empirical studies that illustrate and discuss some of the main issues on this agenda.

Links energy markets with financial markets Examines energy finance and energy policy issues Presents relevant methodologies in energy finance Discusses the effect of oil price risk Presents contributions from scholar worldwide Includes supplementary material: sn.pub/extras

Autorentext

Sofia Brito Ramos is currently assistant professor of finance at ISCTE-Lisbon Universitario de Lisboa. Her research is broadly on portfolio management, energy finance and international finance and she is interested in the financialization of commodities markets and the financial investments in the energy sector. She has published her work in Energy Economics, Energy, Review of Finance, Journal of Banking and Finance, Journal of Empirical Finance, Journal of Financial Markets, European Financial Management, Economic Modelling, European Finance Journal, and International Journal of Finance and Economics. Ramos holds a MSC in Economics from Universitat Pompeu Fabra, Barcelona, and a Ph.D. in Finance from the Swiss Finance Institute, University of Lausanne.

Helena Veiga is currently associate professor of econometrics at the Statistic Department of the Universidad Carlos III de Madrid. Her research is on financial econometrics, time series, panel data, empirical finance, in particular experimental finance, commodities markets and financial investments in the energy sector. She has published her work in the Journal of Banking and Finance, Journal of Empirical Finance, European Review of Economics, Energy Economics, Experimental Economics, Computational Statistics and Data Analysis and Journal of Productivity Analysis. Helena Veiga holds a Ph.D. in Economics from Universitat Autònoma de Barcelona.

Inhalt

Introduction.- Part I: Oil Industry.- Part II: The Impact of Oil Shocks.- Part III: Electricity Markets.