Handbook of Energy Finance:Theories, Practices and Simulations

Edited by Stéphane Goutte and Duc Khuong Nguyen

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: Modeling the dynamics of energy markets has become a challenging task. The intensification of their financialization since 2004 had made them more complex but also more integrated with other tradable asset classes. More importantly, their large and frequent fluctuations in terms of both prices and volatility, particularly in the aftermath of the global financial crisis 2008-2009, posit difficulties for modeling and forecasting energy price behavior and are primary sources of concerns for macroeconomic stability and general economic performance.

Keywords: Energy Finance; Financial and Economic Modeling; Volatility; Forecasting; Quantitative Finance; Energy Markets (search for similar items in EconPapers)
JEL-codes: G20 G32 Q40 (search for similar items in EconPapers)
Date: 2020
ISBN: 9789813278370
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https://www.worldscientific.com/worldscibooks/10.1142/11213 (text/html)
Ebook Access is available upon purchase

Chapters in this book:

Ch 1 Evolution of Forecasting Techniques for Dynamic Energy Markets , pp 3-34

Julie Carey and Derya Eryilmaz

Ch 2 Econometric Modeling of the World Oil Market as a Dynamic Game , pp 35-46

Khaled H. Kheiravar and C.-Y. Cynthia Lin Lawell

Ch 3 Forecasting the Return Volatility of Energy Prices: A GARCH-MIDAS Approach , pp 47-71

Afees Salisu and Raymond Swaray

Ch 4 Bayesian Approach to Energy Load Forecast with Neural Networks , pp 73-92

Luca Di Persio and Oleksandr Honchar

Ch 5 Electricity Market Coupling in Europe: Status Quo and Future Challenges , pp 93-120

Roland Füss, Steffen Mahringer and Marcel Prokopczuk

Ch 6 Spatial Econometrics in Electricity Markets Research , pp 121-156

Rita De Siano and Alessandro Sapio

Ch 7 An Investigation into Dynamics, Elasticity and Asymmetry for Residential Natural Gas Markets , pp 157-181

Kelly Burns and Tom Houghton

Ch 8 Applied Models of Heavy Tails and Skewness in Energy Prices with an Application to Electricity Price Risk , pp 185-213

W. Walls and Wei Zhang

Ch 9 Jumps in Energy Commodity Markets , pp 215-229

Neil Wilmot and Charles Mason

Ch 10 What is the Probability of an Electricity Price Spike? Evidence from the UK Power Market , pp 231-245

Paweł Maryniak and Rafał Weron

Ch 11 Stochastic Modeling and Pricing of Energy Markets’ Contracts with Local Stochastic Delayed and Jumped Volatilities , pp 247-266

Anatoliy Swishchuk

Ch 12 Volatility Spillover Effects in the Oil and Financial Market: Cross-Hedging in the US Oil Market and the Energy Pipeline Sector , pp 267-299

Jingze Jiang and Thomas Marsh

Ch 13 Analysis of NCG Prices Under Different Shapes of Oil Price Recovery with a Worldwide Gas Market Model , pp 301-316

Maik Günther and Mostafa Fallahnejad

Ch 14 Energy Risk Management in Practice , pp 319-341

Wieger Johan Hinderks, Andreas Wagner and Prilly Oktoviany

Ch 15 Optimal Design of Energy Distribution Network using Power Flow Controller , pp 343-361

Takayuki Shiina

Ch 16 The Troubled Path Toward Greater Transparency as a Means to Foster Good Corporate Governance and Fight Against Corruption in the Energy Sector , pp 363-393

Costantino Grasso

Ch 17 The Hidden Role of Civil Liability in the Electronuclear Industry: Accident Costs, Insurance and Industrial Organization , pp 395-426

Gerard Mondello

Ch 18 Estimation of the Hotelling Rule for Oil under Stochastic Investment Opportunities , pp 427-447

Johnson Kakeu and Mohammed Bouaddi

Ch 19 Financing the Reduction of Greenhouse Gas Emissions: A New Allocation System for Dependent Risks , pp 451-466

Lorena Remuzgo, Carmen Trueba and José María Sarabia

Ch 20 Efficiency of Source Differentiated Sectoral Energy Demand Accounting for Climate , pp 467-488

Saleem Shaik

Ch 21 Impact of the Global Financial Crisis 2007 on Project Finance in the Renewable Energy Sector , pp 489-507

Iris Pfarl and Christian Bellak

Ch 22 Environmental Concerns and the Cost of Equity in the US Energy Sector , pp 509-550

Marcelo Bianconi and Xue Wang

Ch 23 German Natural Gas Seasonal Effects on Futures Hedging , pp 553-577

Beatriz Martinez, Hipolit Torro and Vanesa Garcia

Ch 24 An Alternative Valuation of Energy Options for Atypical Markets , pp 579-594

David G. Carmichael and Maria C. A. Balatbat

Ch 25 Non-Financial Firms Hedging Risks in East Asia: The Link Between Financial Derivatives Use, Firm Value and Exposures to Country Risks , pp 595-650

Trang Kim and Quang Nguyen

Ch 26 Risk Management and Hedging Approaches in Energy Markets , pp 651-667

Jim Hanly

Ch 27 Modeling the Dynamics of Implied Carbon Price and its Influence on the Stock Price Variability of Energy Companies in the Australian Electric Utility Sector , pp 671-695

Liangxu Zhu and Tiho Ancev

Ch 28 Cointegrating Relationship and Granger Causal Analysis in Energy Economics — A Practical Guidance , pp 697-741

Zheng Fang and Thai-Ha Le

Ch 29 The Impact of Unconventional Monetary Policy Shocks on Energy Prices , pp 743-764

Panagiota Makrychoriti, Georgios Moratis and Spyros Spyrou

Ch 30 Chaos Versus Stochastic Paradigm in Energy Markets , pp 765-786

Loretta Mastroeni and Pierluigi Vellucci

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