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dc.contributor.authorHvammen, Guro
dc.contributor.authorFleischer, Alice Anker
dc.date.accessioned2023-11-06T13:27:55Z
dc.date.available2023-11-06T13:27:55Z
dc.date.issued2023
dc.identifier.urihttps://hdl.handle.net/11250/3100827
dc.descriptionMasteroppgave(MSc) in Master of Science in Sustainable finance - Handelshøyskolen BI, 2023en_US
dc.description.abstractIn this empirical study, we investigate the causal effect of the European Central Bank's announcement of its green bond purchase under the Corporate Sector Purchase Program in 2016 on the European green bond market. Employing a Difference-in-Difference analysis, we find that the announcement has positively impacted the green bond market in Europe in the short term, resulting in increased demand, higher bond prices, and lower yield to maturity. Nevertheless, capturing causal effects over an extended period becomes complex without obtaining error estimates. Thus, based on our findings, there is suggestive evidence that the European Central Bank's announcement has stimulated the green bond market in Europe, particularly in the isolated context of the short-term period.en_US
dc.language.isoengen_US
dc.publisherHandelshøyskolen BIen_US
dc.subjectsutainable financeen_US
dc.titleAn Empiricial Study on the Impact of the European Central Bank's Asset Purchase Programme on the European Green Bond Marketen_US
dc.typeMaster thesisen_US


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