Manchester School,
Journal Year:
2024,
Volume and Issue:
unknown
Published: Dec. 19, 2024
ABSTRACT
Investigating
gold's
safe‐haven
status
is
crucial
to
stabilising
energy
and
cryptocurrency
markets.
To
capture
the
dynamic
relationships
between
energy‐related
uncertainty
(ERU),
gold
prices
(GP),
policy
(CPOU),
this
study
employs
TVP‐SV‐VAR
methodology.
Through
quantitative
analysis,
we
find
ERU
has
favourable
unfavourable
effects
on
GP.
The
impact
underscores
role
against
market
uncertainty.
At
same
time,
negative
contradicts
view
theoretical
models,
likely
due
U.S.
dollar's
value
hedging
performance
other
uncertainties.
CPOU,
however,
positively
impacts
GP,
supporting
characteristics
in
aligning
with
predictions.
Gold's
comparably
more
consistent
but
slightly
less
significant.
Additionally,
validates
findings
by
substituting
CPOU
price
(CPRU),
confirming
their
robustness.
Given
high
volatility
markets,
article
offers
valuable
insights
for
authorities
maximise
profits
ensure
stable
growth.
Heliyon,
Journal Year:
2024,
Volume and Issue:
10(3), P. e25076 - e25076
Published: Jan. 24, 2024
This
study
utilizes
the
Preferred
Reporting
Items
for
Systematic
Reviews
and
Meta-Analyses
(PRISMA)
framework
to
investigate
interconnectedness
of
green
bond
with
various
financial
markets,
aiming
clarify
their
relationship
global
economic
uncertainty
impact
on
returns.
After
a
comprehensive
search
pertinent
research
papers
from
January
2016
September
2023,
79
relevant
articles
were
identified.
The
analysis
delves
into
evolution
bonds'
interactions
policy
considering
analytical
methodologies,
contributions
field,
role
bonds
under
both
normal
extreme
market
conditions.
reveals
noteworthy
findings:
firstly,
interplay
between
markets
is
influenced
by
macroeconomic
factors,
such
as
COVID-19
pandemic
Russia-Ukraine
conflict
in
2022,
which
significant
sources
during
period.
Secondly,
times
uncertainties,
Bonds
act
net
transmitters
spillovers
short
term
but
shifts
receivers
long
term,
positioning
them
strategic
hedging
assets
rather
than
safe-havens,
particularly
against
crude
oil
CO2
emission
uncertainties.
Additionally,
review
highlights
prevalent
methodologies
employed
assess
bonds.
Some
include
quantile
approaches,
Diebold
&
Yilmaz
2012
spillover
index,
well
models
like
VAR
models,
GARCH
ARDL
models.
Notably,
certain
countries
China,
United
Kingdom,
Vietnam
emerge
key
contributors
this
domain.
not
only
consolidates
existing
knowledge
also
provides
valuable
insights
investors
policymakers
regarding
terms
risk
management
asset
allocation,
while
pointing
towards
potential
avenues
future
field.
Sustainability,
Journal Year:
2024,
Volume and Issue:
16(14), P. 5886 - 5886
Published: July 10, 2024
This
article
aims
to
examine
the
hedging
effect
of
green
bonds
in
US
market,
European
and
Chinese
market
on
carbon
price
risk
Union
Emission
Trading
System
(EU
ETS)
from
2021
2023.
By
using
daily
datasets
extracted
Bloomberg
Vector
Error
Correction
Model
(VECM),
research
provides
evidence
all
three
markets
EU
ETS.
The
paper
concludes
that
ratio
is
positive
for
China,
while
figure
negative.
Moreover,
there
a
oil
prices
returns
Meanwhile,
opposite
found
stock
prices.
