Title:Risk Management in the Energy Markets and Value-at-Risk Modelling: A hybrid approach
Author(s):ANDRIOSOPOULOS, Kostas; NOMIKOS, NikosDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper proposes a set of VaR models appropriate to capture the dynamics of energy prices and subsequently quantify energy price risk by calculating VaR and ES measures. Amongst the competing VaR methodologies evaluated ...
Title:Risk Spillovers and Hedging: Why do firms invest too much in systemic risk?
Author(s):WILLEMS, Bert; MORBEE, JorisDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:In this paper we show that free entry decisions may be socially ineffcient, even in a perfectly competitive homogeneous goods market with non-lumpy investments. In our model, inefficient entry decisions are the result of ...
Title:The role of europarties in framing the European Union Foreign and Security Policy
Author(s):CALOSSI, Enrico; COTICCHIA, FabrizioDate:2013Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The implementation of the Lisbon Treaty assessed new prerogatives to the European Parliament (EP) on the Common Foreign and Security Policy (CFSP) and on the Common Security and Defence Policy (CSDP). This has increased ...
Title:The role of the rule of law in ASEAN integration
Author(s):EWING-CHOW, Michael; HSIEN-LI, TanDate:2013Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:From its establishment in 1967, ASEAN has relied more on diplomacy rather than law. Political relations were managed by consultation and consensus and declaratory statements, while treaties denoting binding legal obligations ...
Title:The Role of Thermal Storage and Natural Gas in a Smart Energy System
Author(s):VANDEWALLE, Jeroen; KEYAERTS, Nico; D'HAESELEER, WilliamDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Smart grids are considered important building blocks of a future energy system that facilitates integration of massive distributed energy resources like gas-fired cogeneration (CHP). The latter produces thermal and electric ...
Title:Rounding up the Circle: The Mutation of Member States' Nationalities under Pressure from EU Citizenship
Author(s):KOCHENOV, DimitryDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The European integration project has shaped a legal reality where the importance of particular
Member State nationalities is dwarfed in relation to that of EU citizenship. Currently the Member
States’ nationalities, short ...
Title:Russian Policy in Central Asia in 1991 - 2010: A Disappearing Power?
Author(s):KAZANTSEV, AndreyDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Russian policy in Central Asia is usually analyzed within the context of the “New Great Game” theory. It usually assumes that Russia acts strategically and maximizes regional power. Analysis of real Russian foreign policy ...
Title:Scarlet Robes, Dark Suits: The Social Recruitment of the European Court of Justice
Author(s):COHEN, AntoninDate:2008Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper analyzes the social recruitment of the European Court of Justice from the early 1950s to the late 1990s with special focus on the early days of the Court (1950s-1960s). Early European integration can be described ...