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Asia-Pacific Financial Markets

29.12.2023 | Original Research

Spillover Effect of Green Bond with Metal and Bullion Market

verfasst von: Kajal Panwar, Miklesh Prasad Yadav, Neha Puri

Erschienen in: Asia-Pacific Financial Markets

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Abstract

This paper examines the spillover of green bond with metal market and bullion market using the daily observation from 16/06/2014 to 25/02/2022. The S&P Green Bond (GBD) is used to measure the Green bond while Copper (CPR) and Aluminium (ALM) are used to represent the metal market; the bullion market is measured by Silver (SLV) and Gold (GLD). The result reveals that there is spillover from Green bond to Aluminium, Silver and Gold both in the short run and long while the spillover of Green bond with Copper is only spotted in long run. It furnishes diversification opportunities considering Green bond and Copper in short run due to its absence of spillover. This study offers an implication to various stakeholder of the metal and bullion market.

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Titel: Spillover Effect of Green Bond with Metal and Bullion Market
verfasst von: Kajal Panwar
Miklesh Prasad Yadav
Neha Puri
Publikationsdatum: 29.12.2023
Verlag: Springer Japan
Erschienen in: Asia-Pacific Financial Markets
Print ISSN: 1387-2834
Elektronische ISSN: 1573-6946
DOI: https://doi.org/10.1007/s10690-023-09443-6