Md. Bokhtiar Hasan, Md. Mamunur Rashid, Tapan Sarker, Muhammad Shafiullah
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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 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.
期刊介绍:
The mission of Eurasian Economic Review is to publish peer-reviewed empirical research papers that test, extend, or build theory and contribute to practice. All empirical methods - including, but not limited to, qualitative, quantitative, field, laboratory, and any combination of methods - are welcome. Empirical, theoretical and methodological articles from all fields of finance and applied macroeconomics are featured in the journal. Theoretical and/or review articles that integrate existing bodies of research and that provide new insights into the field are highly encouraged. The journal has a broad scope, addressing such issues as: financial systems and regulation, corporate and start-up finance, macro and sustainable finance, finance and innovation, consumer finance, public policies on financial markets within local, regional, national and international contexts, money and banking, and the interface of labor and financial economics. The macroeconomics coverage includes topics from monetary economics, labor economics, international economics and development economics.
Eurasian Economic Review is published quarterly. To be published in Eurasian Economic Review, a manuscript must make strong empirical and/or theoretical contributions and highlight the significance of those contributions to our field. Consequently, preference is given to submissions that test, extend, or build strong theoretical frameworks while empirically examining issues with high importance for theory and practice. Eurasian Economic Review is not tied to any national context. Although it focuses on Europe and Asia, all papers from related fields on any region or country are highly encouraged. Single country studies, cross-country or regional studies can be submitted.