Output-Hedging of Electric Utility Firms: The Role of Electricity Derivatives Markets

2018 ◽  
Author(s):  
Markus Hang ◽  
Jerome Geyer-Klingeberg ◽  
Andreas Rathgeber ◽  
Lena Wichmann
Keyword(s):  
Electric Utility ◽  
Electricity Derivatives ◽  
Derivatives Markets

Discussion: “Market Implications of Regulatory Form in the Electric Utility Industry: An Assessment of Incentive Regulation”

1997 ◽  
Vol 12 (3) ◽  
pp. 308-314 ◽  
Author(s):  
A. Rashad Abdel-Khalik
Keyword(s):  
Electric Utility ◽  
Incentive Regulation ◽  
Electric Utility Industry ◽  
Utility Industry ◽  
Institutional Aspects

I would like to thank Nwaeze and Mereba for spending a great deal of effort to mitigate some of the concerns raised about the earlier version of this paper. Unfortunately, I have to fall back to my role of a critic and express my continuing concerns about the believability of the results and conclusions. To show the reasons for this doubt, I will look at the analysis and retreat to the setting and the underlying institutional aspects of the paper.

The Role of Preferred Stock in Electric Utility Financing

1964 ◽  
Vol 19 (4) ◽  
pp. 693
Author(s):  
Donald E. Fischer
Keyword(s):  
Electric Utility ◽  
Preferred Stock

Derivatives, Money, Finance and Imperialism: A Response to Bryan and Rafferty

2013 ◽  
Vol 21 (2) ◽  
pp. 149-168 ◽  
Author(s):  
Tony Norfield
Keyword(s):  
World Economy ◽  
Financial Trading ◽  
The Us ◽  
Commodity Money ◽  
Financial Derivative ◽  
The Uk ◽  
Derivatives Markets ◽  
Relationship Of ◽  
The Relationship

Abstract This paper contributes to the debate on the role of financial derivatives for capitalism. It responds to Bryan and Rafferty’s defence of their analysis and their critique of my own. The paper argues that their analysis confuses what a financial derivative does, and mixes together different kinds of derivative – and non-derivative – that play very different roles. After detailing these points, the paper discusses the relationship between gold, money and derivatives, rejecting their notion that derivatives are some kind of new ‘commodity money’. An important theme absent from Bryan and Rafferty’s analysis is the relationship of financial trading and derivatives markets to parasitism in the imperialist world economy. To illustrate this, the paper notes advantages enjoyed by the major financial powers – the US and the UK – that are the main centres for the origination of derivatives and for derivatives trading.

scholarly journals Systemic risk and banking regulation: Some facts on the new regulatory framework

2015 ◽  
Vol 12 (2) ◽  
pp. 52-63 ◽  
Author(s):  
Michele Bonollo ◽  
Irene Crimaldi ◽  
Andrea Flori ◽  
Fabio Pammolli ◽  
Massimo Riccaboni
Keyword(s):  
Systemic Risk ◽  
Banking Regulation ◽  
Regulatory Framework ◽  
Data Availability ◽  
Relevant Role ◽  
Recent Financial Crisis ◽  
The Stability ◽  
Derivatives Markets ◽  
Shed Light

The recent financial crisis highlighted the relevant role of the systemic effects of banks’ defaults on the stability of the whole financial system. In this work we draw an organic picture of the current regulations, moving from the definitions of systemic risk to the issues concerning data availability. We show how a more detailed flow of data on traded deals might shed light on some systemic risk features taken into account only partially in the past. In particular, we analyse how the new regulatory framework allows regulators to describe OTC derivatives markets according to more detailed partitions, thus depicting a more realistic picture of the system. Finally, we suggest to study sub-markets illiquidity conditions to consider possible spill over effects which might lead to a worsening for the entire system

The Role of Financial Innovation and the Derivatives Market in the World and Turkey in the Context of the Global Crisis of 2008

2017 ◽  
pp. 224-243
Author(s):  
Nizamülmülk Güneş
Keyword(s):  
Developing Countries ◽  
Interest Rates ◽  
Financial Market ◽  
Financial Innovation ◽  
Financial Instrument ◽  
Global Crisis ◽  
High Interest ◽  
The World ◽  
Derivatives Markets

In Derivatives markets, contracts made concerning an asset or a financial instrument between a buyer and a seller entered into today regarding a transaction to be fulfilled at a future point in time. The derivatives markets incorporate forward, swap, futures and options transactions. Banks, the principle actor in financial markets, finds derivatives favorable in developing countries like Turkey in which there is high interest rates and inflation. It is crucial to express the role of the derivatives markets, whereas the uncertainty concerns are perceived enormously. 2008 mortgage crises, the main cause is stated as to sheer of expectations, which started in US and spread out to all developed and developing countries evoke to encounter against risks intensely. The aim of this paper is to study how efficient is the use of the derivatives market instruments in Turkey, a developing country, by the banks and other financial market actors after the 2008 Global Crises.

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