加密货币的环境关注和绿色债券的连接性
Zaghum Umar1,2, Ahmed Bossman3, Najaf Iqbal4,5
1College of Business, Zayed University, PO, Box 144534, Abu Dhabi, United Arab Emirates.
Environmental science and pollution research international
|October 13, 2023
概括
绿色债券和加密货币的关注显示了动态的联系. 越来越多的环境关注放大了溢出效应,突出了投资者积极性和危机期间的全球市场影响.
科学领域:
- 环境金融 环境金融
- 加密货币市场 加密货币市场
- 金融计量经济学 金融计量经济学
背景情况:
- 越来越多的投资者对绿色债券等可持续资产的兴趣.
- 越来越多地对加密货币进行环境审查.
- 需要了解这些市场之间的相互依存关系.
研究的目的:
- 调查绿色债券和加密货币环境关注指数 (ICEA) 之间的动态联系.
- 分析这些市场之间的金融溢出效应的驱动因素和方向性.
- 为决策者和市场参与者提供见解.
主要方法:
- 时间变量参数向量自回归 (TVP-VAR) 方法.
- 对回报和波动性溢出效应的分析.
- 在重大全球事件期间检查溢出效应.
主要成果:
- 绿色债券和ICEA之间存在动态联系.
- 随着人们对环境的关注越来越大,溢出效应越来越严重,这表明跨市场投资者的积极性.
- 重要的溢出源包括丹麦,欧元区,香港,澳大利亚和美国.
- 日本,英国和瑞士是溢出效应的主要受益者.
- 回报溢出效应比波动性溢出效应更为重要.
- 在COVID-19大流行和乌克兰冲突期间,溢出效应得到加强.
结论:
- 环境关注是推动绿色债券和加密货币市场相互联系的关键因素.
- 地缘政治和健康危机加剧了这些金融溢出影响.
- 这些发现对可持续金融策略和风险管理具有重要意义.
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