The impact of economic outlook on green fnance: insights from linkages between green and infation‑indexed bonds

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dc.contributor.authorLe, T.
dc.contributor.authorAbakah, E.J.A.
dc.contributor.authorGoodell, J.W.
dc.contributor.authoret al.
dc.date.accessioned2024-08-22T18:01:35Z
dc.date.available2024-08-22T18:01:35Z
dc.date.issued2023
dc.descriptionResearch Articleen_US
dc.description.abstractWhile inflation-indexed bonds focus on mitigating the impact of inflation and preserving the purchasing power of investors, green bonds prioritize investments in environmentally responsible projects. These bond types offer distinct investment opportunities that cater to the diverse preferences and objectives of investors. With this in mind, this study aims to explore the dynamic relationship between inflation-indexed bonds and green bonds using wavelet analysis, quantile regression, and the Diebold-Yilmaz procedures for the period spanning October 2016 to January 2021. By considering green bonds as indicative of green energy outlooks and inflation-indexed bonds as a reflection of overall economic conditions, we investigate the hypothesis that inflation-indexed bonds dominate green bonds within a sample of emerging markets. Our findings reveal significant interdependence between green bonds and inflation-indexed bonds across various wavelet time scales. Consistent According to recent research, inflation-indexed bonds exhibit a dominant influence on the relationship, while the nature of this dependence alternates between positive and negative. Furthermore, quantile connectedness analysis demonstrates that spillover transmissions are more pronounced during extreme positive and negative market conditions. The outcomes of this study hold relevance for both investors and policymakers alike.en_US
dc.identifier.otherhttps://doi.org/10.1007/s10668-023-04153-5
dc.identifier.urihttps://ugspace.ug.edu.gh/handle/123456789/42399
dc.language.isoenen_US
dc.publisherEnvironment, Development and Sustainabilityen_US
dc.subjectAsset networksen_US
dc.subjectCo-movementen_US
dc.subjectConnectedness analysisen_US
dc.titleThe impact of economic outlook on green fnance: insights from linkages between green and infation‑indexed bondsen_US
dc.typeArticleen_US

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