Heterogeneous dependence between green finance and cryptocurrency markets: New insights from time-frequency analysis

This article contributes to the related literature in several ways. Firstly, the present study expands understanding by examining the dynamic co-movements between cryptocurrencies and green financial instruments within the context of sustainable finance. Prior studies have concentrated on traditional cryptocurrencies, which is consistent with increased environmental and financial concerns in the presence of particular and ambiguous shocks—that is, the pandemic and the Ukraine invasion.