Dynamical linkages between the Brent oil price and stock markets in BRICS using quantile connectedness approach
Finance Research Letters
; 2023.
Article
in English
| Scopus | ID: covidwho-2254304
ABSTRACT
The Quantile connectedness approach, which allows for a detailed scrutinization of the connectedness, to analysis the connectedness for oil price and BRICS stock markets. Russia and South Africa plays the net transmitting roles, and similar evidence is obtained in Brazil after 2010. Brent oil, India, and Shanghai are net recipients for most time. The extent of the connectedness is further stronger when facing up the market slump such as the global financial crisis, European debt crisis, and Covid-19 periods. For investors, practitioners, and financial institutions, periodically changing the assets allocating can follow noted above evidence. © 2023 Elsevier Inc.
Full text:
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Collection:
Databases of international organizations
Database:
Scopus
Language:
English
Journal:
Finance Research Letters
Year:
2023
Document Type:
Article
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