Reserve currency and the volatility of clean energy stocks: The role of uncertainty

Clean energy firms are among the most risky to invest in. Hence, it is essential have a clear understanding of risk profile clean stocks. The main purpose this study examine how changes in reserve currency (US dollar) value affect volatility stocks absence/presence uncertainty information. To end, first obtained by considering information exponential generalized autoregressive conditional heteroskedastic (EGARCH) estimates. Then, using distributed lag (ARDL) model, investigates effect fluctuations on Controlling for monetary conditions, financial stress, and business cycle fluctuations, finds that, absence information, not influenced US dollar fluctuations. However, an appreciation against major foreign currencies significantly increases when uncertainties about economic policy, exchange rate market, gold market included picture. We find that mediates link between results shed more light suggest need predictable stable policies increase attractiveness