When health and environment are entwined: an analysis of green, conventional and government bonds during the COVID-19 variants of concern (VOC)

Mohd Thas Thaker, Hassanudin and Dharmendra, Anna Maria and Wong, Soon Wen and Hosen, Mosharrof and Taghizadeh-Hesary, Farhad (2023) When health and environment are entwined: an analysis of green, conventional and government bonds during the COVID-19 variants of concern (VOC). Journal of Climate Finance, 3. pp. 1-16. ISSN 2949-7280

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Abstract

The awareness of environmental and social issue has become one of the primary considerations among investors recently. This has sparked interest for social impact studies among many researchers. Among all the green-based financial products, green bond has become an instrumental mechanism of the financial landscape in overcoming the climate-related effects. Thus, we investigated the liquidity spread, measured by bid and ask spread among bonds in developed countries. Then, we use COVID-19 VOC to look at the behavior of liquidity during the specific VOC. The findings show that the bid-ask spread of the green bonds has been mostly equivalent across the multiple COVID-19 variants’ periods. Meanwhile, the conventional bonds have been mostly contractionary across the multiple COVID-19 variants periods; and the government bonds are mostly expansionary across the multiple COVID-19 variants’ periods.

Item Type:	Article (Journal)
Uncontrolled Keywords:	COVID-19; Bonds; Developed countries; Liquidity spread; Financial assets; Diversifications
Subjects:	H Social Sciences > HG Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences
Depositing User:	Dr Hassanudin Mohd Thas Thaker
Date Deposited:	27 May 2023 18:32
Last Modified:	27 May 2023 18:32
URI:	http://irep.iium.edu.my/id/eprint/104755

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