Quantile Dependence and Portfolio Diversification between Green Bonds and International Financial Markets: Evidence from Quantile-on-Quantile Regression
In this study, the green bond market is investigated with respect to its connectedness with certain international financial markets, employing the Quantile-on-Quantile Regression (QQR) technique that is used to measure this connectedness. Green bonds have emerged as a significant financial tool for financing low-carbon...