Jian Yao

How Are Green Financial Markets Linked to Green Cryptocurrency Return States? Evidence from a Cross-Quantilogram Approach

This paper examines directional quantile dependence from green bonds, clean energy markets, and carbon markets to the return states of five literature-classified green cryptocurrencies. Using daily returns from 25 September 2019 to 23 May 2025, we estimate static cross-quantilogr...