Aleksandar ZaklanGerman Institute for Economic Research | DIW Berlin
Aleksandar Zaklan
About
17
Publications
5,597
Reads
How we measure 'reads'
A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Learn more
413
Citations
Introduction
Skills and Expertise
Publications
Publications (17)
Situated at the intersection of the literatures on speculative storage and non-renewable commodity scarcity, this paper considers whether changes in persistence from non-stationarity to stationarity have occurred in long-run U.S. prices of the energy commodities crude oil, natural gas and bituminous coal. We allow for a structural break when testin...
This article provides an introduction to the European Union (EU) Emissions Trading System (ETS). First we describe the legislative
development of the EU ETS, its evolution from free allocation to auctioning and centralized allocation rules, its relationship
to the Kyoto Protocol and other trading systems, and its relationship to other EU climate an...
The existence of some 2 billion unused EU Allowances (EUAs) at the end of Phase II of the EU's Emissions Trading System (EU ETS) has sparked considerable debate about structural shortcomings of the EU ETS. At the same time, there has been a surprising lack of interest in one possible explanation of this accumulation of EUAs: the theory of intertemp...
The European Union's Emissions Trading System (EU ETS) is the largest cap-and-trade program yet implemented which, in 2013, entered its ninth year of existence. During these eight years the EU ETS has seen a number of significant changes based on a succession of landmark legislative achievements. This paper provides a descriptive analysis of severa...
This paper provides an introduction to the EU’s Emissions Trading System. As such it provides a discussion of the historical and legal context in which the EU ETS developed and now operates, a presentation of the key performance indicators for the first eight years through the end of the second phase in 2012, and some concluding observations on the...
In the European Union Emission Trading Scheme (EU ETS), information regarding obligated installations, their respective account holders, compliance and transaction data are stored within the European Transaction Log (EUTL). This data is administered and published at the account level. However, limited and/or incomplete information is provided on th...
The creation of the EU's Emission Trading Scheme (EU ETS) has turned the right to emit CO2 into a positively priced intermediate good for the affected firms. Firms thus face the decision whether to source compliance with the EU ETS within their boundaries or to acquire it through the permit trade. However, a combination of internal abatement, free...
Die Preise für metallische Rohstoffe streben, trotz jüngster leichter Rückgänge, in der Tendenz neuen Höchstständen entgegen. Eisenerz, der nach Rohöl zweitwichtigste Rohstoff, ist von einer besonders starken Konzentration auf der Anbieter- und der Nachfrageseite geprägt. Relativ neu ist die stark wachsende Nachfrage Chinas. Auf dem Markt für Kupfe...
This paper considers the question of whether changes in persistence have occurred during the long-run evolution of U.S. prices of the non-renewable energy resources crude oil, natural gas and bituminous coal. Our main contribution is to allow for a structural break when testing for a break in persistence, thus disentangling the effect of a determin...
We analyze the dynamic effect of prices and price volatility on current oil production, both on the level of country groups and the major individual producer countries. A comprehensive dataset at monthly frequency allows us to include a rich lag structure while controlling for key global and local determinants as well as seasonality. Our set of exp...
What determines the yields at which international investors are willing to lend to emerging market countries, and the amounts
of such lending? We analyze the motivation underlying investors’ choices in allocating their holdings across countries, through
regressions for both prices (bond yields) and quantities (bond market capitalization or stocks o...
In this paper, we provide a comprehensive multivariate cointegration analysis of three parts of the steam coal value chain - export, transport and import prices. The analysis is based on a rich dataset of international coal prices; in particular, we combine data on steam coal prices with freight rates, covering the period December 2001 until August...
We trace the history of where and why investors from the most advanced countries directed funds, ultimately helping finance economic development in emerging market countries. To do this, we analyze the determinants of international investors' willingness to hold the external liabilities issued by emerging market countries, through cross-country reg...
Eine wichtige Ursache für den Anstieg des Ölpreises seit Mitte der 90er Jahre ist die stetig steigende Ölnachfrage. Dazu hat in letzter Zeit das starke Wirtschaftswachstum in den Schwellenländern wesentlich beigetragen. Aktuell dürften die Unruhen in Nordafrika den Ölpreis weiter nach oben getrieben haben. Libyen produzierte im Jahr 2010 1,3 Millio...
