In recent years, the global social bond market has demonstrated a notable degree of volatility. Initially stimulated by the COVID-19 pandemic, the previously upward trajectory of this market was eventually replaced by a significant decline in the post-pandemic period. The regression analysis and corresponding econometric modeling demonstrate favorable prospects for the global social bond market in the short term. The addition of force majeure factors did not have a significant impact on the dynamics of the global social bonds market, although some decline was noted in 2022 despite generally stimulating conditions for environmental and social projects. The factors of the global recession had a negative impact, such as global inflation, rising policy interest rates, and a general tightening of monetary policies, including in the leading countries of the world. To conclude, there is reason to believe that the social bonds market will continue to grow and diversify in the following years.

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Social Impact Bonds for Sustainable Economy and Responsible Growth: Short-Term Global Trends

  • Olga V. Khmyz,
  • Daria R. Pastukhova

摘要

In recent years, the global social bond market has demonstrated a notable degree of volatility. Initially stimulated by the COVID-19 pandemic, the previously upward trajectory of this market was eventually replaced by a significant decline in the post-pandemic period. The regression analysis and corresponding econometric modeling demonstrate favorable prospects for the global social bond market in the short term. The addition of force majeure factors did not have a significant impact on the dynamics of the global social bonds market, although some decline was noted in 2022 despite generally stimulating conditions for environmental and social projects. The factors of the global recession had a negative impact, such as global inflation, rising policy interest rates, and a general tightening of monetary policies, including in the leading countries of the world. To conclude, there is reason to believe that the social bonds market will continue to grow and diversify in the following years.