This paper investigates the performance of carry trade strategies for currencies with non-deliverable forward (NDF) contracts. We find that carry trades for currencies with NDF contracts are associated with higher Sharpe ratios compared to carry trades for currencies with deliverable forward...

The first green bond was issued in the People's Republic of China (PRC) in 2015 and since then the PRC has become a significant player in the world's green bond market. In just three years, green bond issuance in the PRC has skyrocketed from almost none to the country becoming one of the largest...