Quantile connectedness and dependence between green bonds, gold, oil, and stock sectors during different market scenarios

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Authors: Sami Al-Kharusi, Walid Mensi, Houssem Eddine Belghouthi, Sang Hoon Kang
Cited by: 1
References: 93

Abstract

Purpose This paper examines the interconnectedness among the Omani stock sectors, oil, gold, and green bond markets, as well as the Twitter sentiment index. Design/methodology/approach This study employs the cross-spectral method of Baruník and Kley (2019) and the quantile time-frequency spillover framework of Chatziantonio et al. (2022). Findings Analyzing the relationship between green bonds and the Omani stock market helps assess the environmental impact of investment decisions in Oman's financial climate, aligning investment strategies with sustainability goals. This is crucial for investors and policymakers aiming for ecological responsibility and reveals potential diversification benefits for resilient and sustainable portfolios. Originality/value Oman's location in the politically sensitive Middle East presents unique challenges in terms of political stability and security. Analyzing how economic uncertainty influences the stock market provides insights into the intersection of geopolitical risk and market sentiment, aiding risk assessment and policy formulation.

Fields of Study & Subjects

Market Dynamics and Volatility Energy Environment Economic Growth COVID-19 impact on air quality

Publication details

Journal / source
International Journal of Emerging Markets
Publisher
Emerald
Volume
21
Issue
7
Pages
1953–1994
Publication date
15 January 2026
Language
EN