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This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond …
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1. Enhancing Efficiency in Sustainable Markets; Mario La Torre and Helen Chiappini -- 2. Financing Sustainable Goals: Economic and Legal Implications; Raffaele Felicetti and Alessandro Rizzello -- 3. Rethinking Taxation and Impact Investments; Alessandro Mazzullo -- 4. Profitable Impact Bonds:...
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This paper investigates the performance of socially screened bond portfolios of 189 Eurozone companies between 2003 and … 2016. Bond portfolios are formed on the basis of an aggregate measure of corporate social responsibility (CSR) as well as … bond portfolio performance over time. The results indicate that in an earlier stage portfolios of high-rated bonds …
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Central banks' frameworks for managing foreign exchange reserves have traditionally balanced a triad of objectives: liquidity, safety and return. Pursuing these objectives involves explicit trade-offs. Recently central banks have shown interest in incorporating environmental sustainability...
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otherwise passive portfolio of investment-grade corporate bonds. The main result is that this filtering leads to a substantial …
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