This occasional paper was written by Barry Eichengreen (University of California, Berkeley), Eduardo Borensztein (Interamerican Development Bank) and Ugo Panizza (Interamerican Development Bank).Fostering local bond markets is a priority of policy makers in both East Asia and Latin America. This...

This report illustrates the state of the green bond markets in Hong Kong and globally, and sheds light on the benefits of green bonds to issuers and investors. The report also explores market participants’ views of the opportunities and prospects of the Hong Kong green bond market in a survey...

This working paper was written by Amar Gande (Vanderbilt University) and David Parsley (Vanderbilt University).We study the effect of a sovereign credit rating change of one country on the sovereign credit spreads of other countries for 155 ratings change events from 1991 to 2000. We find...

This working paper is written by Ip-Wing Yu (Hong Kong Monetary Authority) and Angela Sze (Hong Kong Monetary Authority).Offshore bond issues by non-financial corporations in Emerging Asia have increased considerably since the Global Financial Crisis and warrant close monitoring as they become a...

This working paper is written by Victor Leung (Hong Kong Monetary Authority), Wilson Wan (Hong Kong Monetary Authority) and Joe Wong (Hong Kong Monetary Authority).This study explores the “dark side” of the current development of corporate green bond markets. We document that greenwashing is...