The connectedness between green and conventional bond yields during the COVID-19 crisis: The role of the vaccination process

Nicholas Apergis

doi:10.1016/j.econlet.2023.111026

The connectedness between green and conventional bond yields during the COVID-19 crisis: The role of the vaccination process

Econ Lett. 2023 Mar:224:111026. doi: 10.1016/j.econlet.2023.111026. Epub 2023 Feb 8.

Author

Nicholas Apergis¹

Affiliation

¹ Department of Banking and Financial Management, University of Piraeus, 80 Karaoli & Dimitriou, 18534 Piraeus, Greece.

Abstract

This study explores the role of COVID-19 in the connectedness between green and conventional bonds. The findings document spillovers from conventional to green bonds. The results imply that the new green bond market cannot be ignored during a stressful period.

Keywords: COVID19; Connectedness; Green and conventional bonds.