Interdependence between Green Financial Instruments and Major Conventional Assets: A Wavelet-Based Network Analysis

• Published in: Mathematics (Basel) Vol. 9; no. 8; p. 900
• Main Authors: Ferrer, Román, Benítez, Rafael, Bolós, Vicente J.
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01.04.2021
• Subjects: Alternative energy sources; Bond markets; Bonding strength; Climate change; conventional bonds; Coronaviruses; Corporate bonds; Crude oil; Crude oil prices; Empirical analysis; Energy efficiency; Environmental impact; Financial instruments; Food science; general stocks; green bonds; Green buildings; green stocks; Market potential; Network analysis; Stocks; Wavelet analysis; wavelet coherence; United States > US

This paper examines the interdependence between green financial instruments, represented by green bonds and green stocks, and a set of major conventional assets, such as Treasury, investment-grade and high-yield corporate bonds, general stocks, crude oil, and gold. To that end, a novel wavelet-based...