id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
dem-15481	Włodarczyk, Aneta	Regime-dependent Assessment of Risk Concerning the International Aviation Inclusion Into the EU ETS	2017	17	.pdf	application/pdf	6065	194	41	Following Liu and Chen (2014), in this article Markov regime switching models are used to describe the time-varying un- certainty set of the first and second order moments, which are related to two main characteristics of investments in the EUAA futures, namely expected profits and risk. On this basis, the time series of the EUAAs returns have been divided into observations generated in different volatility regimes, and then risk measures (1)–(6) have been estimated for each sub-sample.	cache/dem-15481.pdf	txt/dem-15481.txt
