An Econophysics Perspective on Green Bonds and Stock Market Nexus: Can Green Finance be an Investment Option for Emerging Stock Markets?
Turker Acikgoz
Abstract:Green bonds are one of the most fascinating financial innovations that offer a solution to climate change and sustainable development from the financial point of view. In this study, we employ methods from statistical physics to examine the multifractal features of cross-correlations between green bonds and emerging stock markets. Utilizing multifractal detrended cross-correlation analysis (MFDCCA) on return and volatility series, our findings reveal significant cross-correlations between green bonds and emerg… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.