The connectedness between green and conventional bond yields during the COVID-19 crisis: The role of the vaccination process

被引：9
作者：
Apergis, Nicholas [1 ]
机构：
[1] Univ Piraeus, Dept Banking & Financial Management, 80 Karaoli & Dimitriou, Piraeus 18534, Greece
来源：
ECONOMICS LETTERS | 2023年 / 224卷
关键词：
COVID19; Green and conventional bonds; Connectedness; DETERMINANTS;
D O I：
10.1016/j.econlet.2023.111026
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study explores the role of COVID-19 in the connectedness between green and conventional bonds. The findings document spillovers from conventional to green bonds. The results imply that the new green bond market cannot be ignored during a stressful period.(c) 2023 Elsevier B.V. All rights reserved.
引用
收藏
页数：3
相关论文
共 16 条
[1]   How COVID-19 drives connectedness among commodity and financial markets: Evidence from TVP-VAR and causality-in-quantiles techniques [J].
Adekoya, Oluwasegun B. ;
Oliyide, Johnson A. .
RESOURCES POLICY, 2021, 70
[2]  
AJMC, 2021, US
[3]   COVID-19 and time-frequency connectedness between green and conventional financial markets [J].
Arif, Muhammad ;
Hasan, Mudassar ;
Alawi, Suha M. ;
Naeem, Muhammad Abubakr .
GLOBAL FINANCE JOURNAL, 2021, 49
[4]   Time-varying relation between black and green bond price benchmarks: Macroeconomic determinants for the first decade [J].
Broadstock, David C. ;
Cheng, Louis T. W. .
FINANCE RESEARCH LETTERS, 2019, 29 :17-22
[5]   Do the green bonds overreact to the COVID-19 pandemic? [J].
Cui, Tianxiang ;
Suleman, Muhammad Tahir ;
Zhang, Hongwei .
FINANCE RESEARCH LETTERS, 2022, 49
[6]   Better to give than to receive: Predictive directional measurement of volatility spillovers [J].
Diebold, Francis X. ;
Yilmaz, Kamil .
INTERNATIONAL JOURNAL OF FORECASTING, 2012, 28 (01) :57-66
[7]   Determinants of CO2 emissions in the European Union: The role of renewable and non-renewable energy [J].
Dogan, Eyup ;
Seker, Fahri .
RENEWABLE ENERGY, 2016, 94 :429-439
[8]   Business as unusual: The Implications of fossil divestment and green bonds for financial flows, economic growth and energy market [J].
Glomsrod, Solveig ;
Wei, Taoyuan .
ENERGY FOR SUSTAINABLE DEVELOPMENT, 2018, 44 :1-10
[9]   Relationship between green bonds and financial and environmental variables: A novel time-varying causality [J].
Hammoudeh, Shawkat ;
Ajmi, Ahdi Noomen ;
Mokni, Khaled .
ENERGY ECONOMICS, 2020, 92 (92)
[10]   Revisiting COVID-19 vaccine hesitancy around the world using data from 23 countries in 2021 [J].
Lazarus, Jeffrey, V ;
Wyka, Katarzyna ;
White, Trenton M. ;
Picchio, Camila A. ;
Rabin, Kenneth ;
Ratzan, Scott C. ;
Leigh, Jeanna Parsons ;
Hu, Jia ;
El-Mohandes, Ayman .
NATURE COMMUNICATIONS, 2022, 13 (01)
12