@article{Medina_Pardo_Pascual_2013, title={Carbon Credits: Who is the Leader of the Pack?}, volume={3}, url={https://www.econjournals.com/index.php/ijeep/article/view/481}, abstractNote={<p>We provide the first intraday analysis on the contribution to price discovery of two emissions carbon credits: European Union Allowances (EUAs) and Certified Emission Reductions (CERs). We find that EUAs lead price discovery but CERs play a growing role and, therefore, should not be ignored.</p> <p><strong>Keywords:</strong> European Union Allowances; Certified Emission Reductions; co-integration, price-discovery; high frequency data; intraday analysis. <strong></strong></p> <p><strong>JEL Classifications: </strong>G10</p>}, number={3}, journal={International Journal of Energy Economics and Policy}, author={Medina, Vicente and Pardo, Angel and Pascual, Roberto}, year={2013}, month={May}, pages={210–220} }