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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格式: | Article |
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Elsevier Ltd.
2018
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在線閱讀: | http://repo.uum.edu.my/24712/ http://doi.org/10.1016/j.enpol.2018.01.048 |
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