Energy & Finance

About the Book

Recent volatility shocks on energy markets, jointly with the increasing uncertainty on international economic and financial environments have led to new approaches in the analysis of energy markets behavior and investment choice in energy sectors. In this perspective, the main purpose of this book is to present some recent developments connected with energy and finance. More precisely, in this book we have attempted to present a balanced account of the relevance new financial theory in explicating some aspects of the energy markets and the application of new econometric methodology.    

The book contains three parts dealing with three complementary issues of energy markets. The first two parts are focused on forecasting energy commodities price volatilities, the dynamic relationship between international energy markets and stock markets, and energy risk valuation. The third part is quite different and deals with the investment choice problem under the assumption of uncertainty costs in the Tunisian energy industry.

The first edition of this book developed out of various research projects we have been involved over the last year in the International Finance Group –Tunisia (El Manar University).

This first edition presents some original empirical works focused on four main topics:

·         Energy assets volatility forecasting.

·         The impact of the recent energy markets volatility shocks on stock market behavior.

·         The value at risk as a tool for energy market risk valuation.       

About the Author

Chaker Aloui is a Professor of Finance at the High Institute of Accounting and Business Administration (Manouba University, Tunisia). He graduated with a Doctorate from the Faculty of Management and Economic Sciences of Tunis, El Manar University in 2002. He is also, the Director of the International Finance Group – Tunisia. His main research interests are: international finance, derivative products, commodities and financial assets valuations and international financial markets behavior. He has published several research papers in Quantitative Finance, International Journal of Business, Journal of Global Management Research, International Economics, Risikomanagement, International Journal of Behavioral Finance and Accounting, International Journal of Oil, Gas and Coal Technology, Journal of Energy Markets, Energy Economics, Energy Policy, Journal of Fusion Energy, International Journal of Financial Services Management. He supervises many theses covering several finance topics.