Wykorzystanie transakcji repo na rynku praw do emisji gazów cieplarnianych do arbitrażu międzyrynkowego
Use of repo type transactions on greenhouse gases emission allowances market for inter-market arbitrage
Author(s): Igor StynSubject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: repo transactions; reverse repo transactions; greenhouse gases emission; emissions trading
Summary/Abstract: In this paper the author describes the use of EUA 2010-2012 repo and reverse repo for cash and carry and reverse cash and carry arbitrage between EUA market and interbank deposit market in euro. He analyses market conditions for both kinds of inter-market arbitrage and has found that during the work on the paper there were very profitable conditions to make a reverse cash and carry arbitrage. He also analyzes Polish legal conditions for making deals such as repo or reverse repo with the use of EUAs and has found them very uncomfortable because of restrictive and unnecessary regulations.
Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
- Issue Year: 2011
- Issue No: 158
- Page Range: 862-872
- Page Count: 11
- Language: Polish