TY - JOUR AU - Hung, Ngo Thai PY - 2021/08/02 Y2 - 2024/03/29 TI - Nexus between green bonds, financial and environmental indicators JF - Economics and Business Letters JA - Econ Bus Lett VL - 10 IS - 3 SE - Special Section DO - 10.17811/ebl.10.3.2021.191-199 UR - https://reunido.uniovi.es/index.php/EBL/article/view/15853 SP - 191-199 AB - <p><span>This study uses a novel perspective to examine the causal connectedness between green bonds and other conventional assets, including clean energy, price of CO2 emission allowances, Bitcoin, and the S&amp;P 500 stock market covering from January 2013 to March 2019. We apply <em>the Multilayer Perceptron Neural Network</em><em> <em>Non-linear Granger causality and Transfer Entropy to detect possible</em> <em>changes in the causal direction between green bonds and other considered</em> <em>variables. We find </em></em>a bidirectional relationship between green bonds, S&amp;P 500, and Bitcoin markets, while green bonds have a unidirectional connection with the price of CO2 emission allowances.</span></p> ER -