Investment Analysts Journal,
Journal Year:
2024,
Volume and Issue:
53(2), P. 167 - 188
Published: March 4, 2024
This
study
examines
the
connectedness
among
eco-friendly
assets
and
how
volatility
in
fossil
energy
markets
affects
this
connectedness.
Using
a
broad
coverage
for
such
as
clean
index,
cryptocurrency
(Cardano),
green
bond
sustainability-leaders
our
results
show
that
is
higher
extremities
(tail-risk
spillovers)
more
significant
during
essential
world
events
pandemic
or
war.
Further,
we
employ
nonparametric
causality
quantiles,
quantile
regression,
kernel-based
regularised
least
squares
methods
to
investigate
influence
of
(crude
oil,
natural
gas,
gas
oil)
on
assets'
Our
imply
market
has
positive
causal
effect
dynamics
assets.
offers
important
implications
investors
policymakers
crafting
portfolio
strategies
policy
decisions.
Preceding
the
global
financial
crisis,
1990s
witnessed
a
series
of
currency
crises
alongside
formation
European
Union.
These
events
fostered
trend
towards
market
lib-eralization,
facilitating
capital
flows
different
types
assets.
many
nations
adopted
floating
exchange
rates
to
grant
increased
autonomy
their
Central
Banks,
consequently
al-tering
monetary
policy
regimes.
This
evolution
in
rate
mechanisms
was
intricately
linked
expanding
trade
and
markets.
The
returns
volatility
these
markets
became
crucial
tools
for
policymakers,
not
solely
managing
international
but
also
forecasting
flow
behaviors
within
countries.
As
result,
began
influence
only
dynamics
vulnerability
economies
external
shocks
from
In
this
thesis,
I
present
three
chapters
that
explore
determinants,
behaviors,
consequences
foreign
fluctuations
on
economy.
It
focuses
interest
parity
deviations,
extreme
movements,
responses
flows.
part
research,
investigate
stablecoins,
digital
currencies
designed
streamline
transactions
overcome
constraints
traditional
rates.
investigations
align
closely
with
research
agendas
International
Finance
Financial
Economics,
offering
valuable
insights
academics,
industry
practitioners.
employs
modern
econometric
methods
analyze
both
electronic
currencies,
revealing
sensitivity
internal
factors.
offers
establishing
an
efficient
stabilization
mechanism
context
macroprudential
policies.
