کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
11032324 | 1645626 | 2018 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Liquidity and risk premia in electricity futures
ترجمه فارسی عنوان
نقدینگی و مزایای ریسک در آینده برق
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
مهندسی انرژی
انرژی (عمومی)
چکیده انگلیسی
Increasing Liquidity (Open Interest) and Success of Maximum Bid-Offer Spreads Policy in the New Zealand Electricity Futures Market: The left-hand panel reports the increasing open interest (number of open contracts) for the two main nodes (Benmore and Otahuhu) and for all three contract forms (Front End, 1â¯Year and 2â¯Year) in the New Zealand Electricity Futures Market. This noted, most hedging occurs in the Front End contract. The right-hand panels show the bid-offer spreads for the Front-End Benmore node futures for 2011. In the graph, we define the spread as it is defined by the policy ((Bid-Offer)/Bid). The vertical dashed line is on 3 October 2011, when the maximum bid-offer spread of 5% was introduced and replaced a 10% maximum. The policy is clearly a success; it reduces spreads, bounding them to 5% rather than 10%.194
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 75, September 2018, Pages 503-517
Journal: Energy Economics - Volume 75, September 2018, Pages 503-517
نویسندگان
Fergus Bevin-McCrimmon, Ivan Diaz-Rainey, Matthew McCarten, Greg Sise,