The cryptocurrency environmental attention and green bond connectedness

Author First name, Last name, Institution

Zaghum Umar, Zayed UniversityFollow
Ahmed Bossman, LUT University
Najaf Iqbal, Hubei University Of Economics

Document Type

Article

Source of Publication

Environmental Science and Pollution Research

Publication Date

1-1-2023

Abstract

We study the dynamic connectedness between green bonds and the cryptocurrency environmental attention index (ICEA), using the TVP-VAR methodology. The spillovers increase with the level of environmental attention, suggesting cross-market activism by green investors. Denmark, the Euro area, Hong Kong, Australia, and the US are the source of spillovers, while Japan, the UK, and Switzerland are major recipients. The return spillovers exceed volatility spillovers and rise in strength during COVID-19 and the geopolitics-induced military hostilities in Ukraine. Several imperative implications of the findings are notable for policymakers, market participants, and practitioners.

DOI Link

10.1007/s11356-023-30136-0

ISSN

0944-1344

Publisher

Springer Science and Business Media LLC

Disciplines

Business

Keywords

Cryptocurrency environmental attention, Green bonds, ICEA, Spillover connectedness

Scopus ID

85174027928

Recommended Citation

Umar, Zaghum; Bossman, Ahmed; and Iqbal, Najaf, "The cryptocurrency environmental attention and green bond connectedness" (2023). All Works. 6118.
https://zuscholars.zu.ac.ae/works/6118

Indexed in Scopus

yes

Open Access

no