Absence of Central Bank Backstop Worsened Euro-Area Crisis Spillovers
European Green Bonds Priced at Discount, Impacting Sustainable Investments.
ECB's Green Bond Purchases Boost Corporate Financing for Sustainable Projects
Green bonds offer lower yields, highlighting limited impact of eco-conscious investors.
The euro-area crisis saw countries with central bank support fare better than those without, leading to worsened feedback loops between sovereign bond ratings and spreads.