Navigating China's green bonds: Insights from cryptocurrency price, oil price, and economic policy uncertainty

Cui-Ping Wen, Kai-Hua Wang, Chi-Wei Su, Xin Li and Zu-Shan Wang

International Review of Economics & Finance, 2025, vol. 102, issue C

Abstract: This study examines the impacts of bitcoin price (BTP), crude oil price (COP), and economic policy uncertainty (EPU) on China's green bonds (GBs) in a period from 2014: M10 to 2024: M04 using the quantile autoregressive distributed lag model. Results demonstrate that BTP and EPU positively and negatively affect GBs in the long-term across all quartiles, respectively, while COP enhibits insignificance. In the short-term, all variables positively affect GBs and are concentrated in the low quantiles. This study constructs a multivariate framework to explore financial linkages across markets and examines variable interactions, enriching the theoretical framework of the GB market.

Keywords: Green bonds; Bitcoin price; Oil price; Economic policy uncertainty; Quantile autoregressive distributed lag model (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:102:y:2025:i:c:s1059056025004873

DOI: 10.1016/j.iref.2025.104324

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