A critical review of the impact of uncertainties on green bonds

Samuel Asante Gyamerah ^{1, 2}

Clement Asare ²

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Department of Mathematics and Statistics, University of Waterloo, Canada |

Department of Mathematics and Statistics, Kwame Nkrumah University of Science and Technology, Ghana |

Publication type: Journal Article

Publication date: 2024-02-28

American Institute of Mathematical Sciences (AIMS)

Journal: Green Finance

SJR: —

CiteScore: 9.6

Impact factor: 5.5

ISSN: 26431092

DOI: 10.3934/gf.2024004

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Industrial and Manufacturing Engineering

Environmental Engineering

Abstract

<abstract> <p>Green bonds are relatively new in the financial market compared to other financial securities but are useful in financing environmentally friendly projects. Just like other financial securities, green bonds are affected by various factors, such as economic policy uncertainty. Our aim of this paper was to conduct a systematic literature review of the impact of economic policy uncertainty on green bonds. We sought to do a thorough analysis of the existing literature on the assessment of the impact of economic policy uncertainty on green bonds and the techniques used in assessing the impact. Our findings showed that economic policy uncertainty had a strong impact on the green bond, with its intensity varying by location. This impact tended to be more pronounced in periods of heightened uncertainty. Also, our findings highlighted that the assessment of the impact of economic policy uncertainty on green bonds gained popularity in 2019, with China emerging as a prominent contributor. However, other countries, such as Finland, even though they had few published papers, their citations signified the production of quality papers in this field. Additionally, we found that the application of the quantile analysis method was utilized by many recent studies, which signified its importance in this field. Our findings highlighted the importance of considering appropriate techniques in assessing the impact of economic policy uncertainty on green bonds while taking into account the paper quality.</p> </abstract>

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Publisher

American Institute of Mathematical Sciences (AIMS)

Journal

Green Finance

SJR

—

CiteScore

9.6

Impact factor

5.5

ISSN

26431092 (Print)

A critical review of the impact of uncertainties on green bonds

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