All Outputs (3)

Impact of carbon markets on industrial competitiveness: An analysis of selected industries in Beijing (2021)
Journal Article
Lu, M., Xu, H., & Wang, X. (2021). Impact of carbon markets on industrial competitiveness: An analysis of selected industries in Beijing. Energy Reports, 7(7), 1601-1611. https://doi.org/10.1016/j.egyr.2021.09.063

Although the booming carbon markets provide additional incentives to reduce greenhouse gases, their impacts on the society and economy have attracted increasing attention. Based on 2014–2016 daily carbon market trading price data, this study estimate... Read More about Impact of carbon markets on industrial competitiveness: An analysis of selected industries in Beijing.

Sovereign CDS Premiums’ Reaction to Macroeconomic News: An Empirical Investigation (2021)
Journal Article
Lu, M., Passariello, M., & Wang, X. (2021). Sovereign CDS Premiums’ Reaction to Macroeconomic News: An Empirical Investigation. Complexity, 2021, Article 5568698. https://doi.org/10.1155/2021/5568698

We assess the efficiency of the sovereign credit default swap (CDS) market by investigating how sovereign CDS spreads react to macroeconomic news announcements. Contrary to the vast majority of the existing literature, one of our main findings suppor... Read More about Sovereign CDS Premiums’ Reaction to Macroeconomic News: An Empirical Investigation.

Price bubbles in Beijing carbon market and environmental policy announcement (2021)
Journal Article
Lu, M., Wang, X., & Speeckaert, R. (2023). Price bubbles in Beijing carbon market and environmental policy announcement. Communications in Statistics - Simulation and Computation, 52(3), 884-897. https://doi.org/10.1080/03610918.2020.1870696

This paper examines price bubbles in the relatively new carbon emission trading scheme of Beijing carbon market by employing a recently proposed econometric test which can stamp the occurrence and burst of financial bubbles. We find multiple bubbles... Read More about Price bubbles in Beijing carbon market and environmental policy announcement.