Applications in Energy Finance

This textbook investigates the linkages between energy-commodities markets, financial markets and the economy and incorporates different aspects of the energy market, organizing the relevant material in two distinct parts. Part one includes studies that relate to the impact of developments in the various energy-commodities markets (e.g., oil, gas) both on financial markets and economic growth, including studies that consider the impact of energy prices on financial markets or the effect on specific macroeconomic variables, such as interest rates, inflation, GDP. Part two discusses developments in the energy market from a climate change or green financing point of view, further considering issues that relate to climate finance, green investing, as well as policy making relating to GHG Emissions. By introducing a multitude of topics in energy finance, this textbook provides a holistic view of the market and its importance. Christos Floros is a Professor of Finance and Vice Rector of Research at the Hellenic Mediterranean University, Greece. His main research interests include behavioural finance, financial derivatives, financial economics/econometrics and empirical banking. He has published in academic journals such as the European Journal of Finance, Journal of Empirical Finance, Journal of International Financial Markets Institutions and Money, Annals of Operations Research, Urban Studies, Manchester School, Journal of Policy Modeling, International Review of Financial Analysis, Review of Accounting and Finance, Applied Financial Economics, Economic Modelling, Research in International Business and Finance, Journal of Emerging Market Finance, Global Finance Journal, Managerial Finance, Journal ofDerivatives and Hedge Funds, among others. He is the Editor-in-Chief of the International Journal of Financial Markets and Derivatives (IJFMD) and Editor of the International Journal of Computational Economics and Econometrics (IJCEE). He has been a Guest Editor for special issues, while he has been involved in a number of research funded projects. Christos has presented several papers at international academic conferences, is a Fellow of the Higher Education Academy, UK, and has successfully supervised several PhD students and post-doc researchers. His recent books with Palgrave Macmillan are Modelling and Forecasting High Frequency Financial Data (with S. Degiannakis; 2015), and The Greek Debt Crisis (with I. Chatziantoniou, 2017). Ioannis Chatziantoniou is Associate Professor of Empirical Finance in the Department of Accounting and Finance, School of Management and Economic Sciences, Hellenic Mediterranean University, Greece. He previously held the position of Reader of Empirical Finance in Portsmouth Business School in the United Kingdom. His main research interests involve Energy Finance, International Finance, Real Estate Finance, as well as Commodity Markets. He has presented his work in prestigious international academic conferences and universities around the world. He has published his research in prominent international academic journals such as Energy Economics, Energy Journal, Journal of International Financial Markets Institutions and Money, International Review of Financial Analysis, Urban Studies, Economics Letters, Economic Modelling, Finance Research Letters, International Journal of Finance and Economics, and the Review of Quantitative Finance and Accounting.