Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

Research on the Correlation of Green Bond Market

Authors
Junru Wang1, *, , Weiyi Zhang2, *, , Wenye Zhao3, *,
1School of Anhui University of Finance and economy 1
2School of University of Leeds 2
3School of University of Leeds

These authors contributed equally.

*Corresponding author. Email: 1 20183482@aufe.edu.cn
Corresponding Authors
Junru Wang, Weiyi Zhang, Wenye Zhao
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.350How to use a DOI?
Keywords
green bond; bond market; carbon-neutral bond; linkage effect; spillover effects
Abstract

Green bonds are of great help to promoting the growth of a sustainable economy. This paper critically reviews the burgeoning literature relevant to the linkage between the green bond market and other financial markets. This paper’s review introduces the linkage between the green bond market and ordinary bond market as well as the stock market. This paper critically reviews the content (both in methods and findings) of around 50 articles published in recent two decades. Our analysis illustrates that this paper sees a positive relationship between the green bond market and other markets through GARCH models and MF-DCCA models. this paper concludes with suggestions as well as the outlook for the green bond market for the future. This paper gives suggestions on how investors make better investment decisions with the green bond market considering the interactivity in the whole financial market as well as using some quantitative analysis tools like the average risk spillover level.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.350How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Junru Wang
AU  - Weiyi Zhang
AU  - Wenye Zhao
PY  - 2022
DA  - 2022/03/26
TI  - Research on the Correlation of Green Bond Market
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2134
EP  - 2139
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.350
DO  - https://doi.org/10.2991/aebmr.k.220307.350
ID  - Wang2022
ER  -