Exploring the determinants of green bond market development in Bangladesh

Our study is a pioneering endeavor to comprehensively explore the pivotal factors influencing the growth trajectory of the green bond (GB) market in Bangladesh, aligning with the nation’s Sustainable Development Goals (SDGs) in the aftermath of the COVID-19 pandemic. Leveraging the opinions of fifte...

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Veröffentlicht in:Eurasian economic review 2024-03, Vol.14 (1), p.213-233
Hauptverfasser: Hasan, Md. Bokhtiar, Rashid, Md. Mamunur, Sarker, Tapan, Shafiullah, Muhammad
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creator Hasan, Md. Bokhtiar
Rashid, Md. Mamunur
Sarker, Tapan
Shafiullah, Muhammad
description Our study is a pioneering endeavor to comprehensively explore the pivotal factors influencing the growth trajectory of the green bond (GB) market in Bangladesh, aligning with the nation’s Sustainable Development Goals (SDGs) in the aftermath of the COVID-19 pandemic. Leveraging the opinions of fifteen local experts, we employ the Analytic Hierarchy Process (AHP) methodology to discern and prioritize the key determinants. Our findings indicate that infrastructure and financial factors emerge as crucial determinants significantly shaping the developmental landscape of the GB market in Bangladesh. Moreover, within the spectrum of twenty-eight sub-factors examined, legal frameworks, the monetary policy of the Central Bank of Bangladesh, institutional infrastructures, and fiscal policies are identified as direct influencers impacting the expansion of the GB market. Consequently, we advocate for a strategic policy focus on infrastructure and financial facets to foster the growth of Bangladesh’s GB markets, particularly in the post-COVID-19 era.
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subjects Bond markets
Central banks
COVID-19
Economics
Economics and Finance
Expansion
Infrastructure
Monetary policy
Original Paper
Pandemics
Sustainable development
title Exploring the determinants of green bond market development in Bangladesh
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