SUSTAINABILITY OF EXCHANGE RATES AND CRUDE OIL PRICES CONNECTION WITH COVID-19: AN INVESTIGATION FOR BRICS
ct The study has investigated relationship between crude oil prices and exchange rates of BRICS region from 1999-2020. A comparison has been drawn in normal and COVID-19 period for analysing the cause-and-effect bivariate relationship in two different periods. The COVID-19 crisis period has been...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2021-08-01
|
| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2021-05/02_Bhatia.pdf |
| _version_ | 1798018967451729920 |
|---|---|
| author | PARUL BHATIA |
| author_facet | PARUL BHATIA |
| author_sort | PARUL BHATIA |
| collection | DOAJ |
| description | ct
The study has investigated relationship between crude oil prices and exchange rates of BRICS region from
1999-2020. A comparison has been drawn in normal and COVID-19 period for analysing the cause-and-effect bivariate
relationship in two different periods. The COVID-19 crisis period has been analysed along with normal period to explore
differentiation between the two periods. OLS and DCC-GARCH model has been employed to empirically test the causal
linkages from crude oil prices to exchange rates of BRICS group of countries. There existed a long run volatility from
crude oil prices to exchange rates of BRICS countries both in normal and COVID times. The relationship may have been
impacted temporarily during pandemic and crisis period. However, the causal linkage has been strong and results in both
periods have been found in line with the existing literature baring minor exceptions. The policy makers and global
investors may benefit from the results of the present study |
| first_indexed | 2024-04-11T16:33:04Z |
| format | Article |
| id | doaj.art-d71be04b52f04e2f8dbe47cadb9e0cfd |
| institution | Directory Open Access Journal |
| issn | 1844-7007 |
| language | English |
| last_indexed | 2024-04-11T16:33:04Z |
| publishDate | 2021-08-01 |
| publisher | Academica Brâncuşi |
| record_format | Article |
| series | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| spelling | doaj.art-d71be04b52f04e2f8dbe47cadb9e0cfd2022-12-22T04:13:57ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072021-08-0151929SUSTAINABILITY OF EXCHANGE RATES AND CRUDE OIL PRICES CONNECTION WITH COVID-19: AN INVESTIGATION FOR BRICSPARUL BHATIA 0NEW DELHI INSTITUTE OF MANAGEMENT, NEW DELHI, INDIA ct The study has investigated relationship between crude oil prices and exchange rates of BRICS region from 1999-2020. A comparison has been drawn in normal and COVID-19 period for analysing the cause-and-effect bivariate relationship in two different periods. The COVID-19 crisis period has been analysed along with normal period to explore differentiation between the two periods. OLS and DCC-GARCH model has been employed to empirically test the causal linkages from crude oil prices to exchange rates of BRICS group of countries. There existed a long run volatility from crude oil prices to exchange rates of BRICS countries both in normal and COVID times. The relationship may have been impacted temporarily during pandemic and crisis period. However, the causal linkage has been strong and results in both periods have been found in line with the existing literature baring minor exceptions. The policy makers and global investors may benefit from the results of the present studyhttps://www.utgjiu.ro/revista/ec/pdf/2021-05/02_Bhatia.pdf: olsdcc-garchbricsexchange ratevolatilitycrude oil prices |
| spellingShingle | PARUL BHATIA SUSTAINABILITY OF EXCHANGE RATES AND CRUDE OIL PRICES CONNECTION WITH COVID-19: AN INVESTIGATION FOR BRICS Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie : ols dcc-garch brics exchange rate volatility crude oil prices |
| title | SUSTAINABILITY OF EXCHANGE RATES AND CRUDE OIL PRICES CONNECTION WITH COVID-19: AN INVESTIGATION FOR BRICS |
| title_full | SUSTAINABILITY OF EXCHANGE RATES AND CRUDE OIL PRICES CONNECTION WITH COVID-19: AN INVESTIGATION FOR BRICS |
| title_fullStr | SUSTAINABILITY OF EXCHANGE RATES AND CRUDE OIL PRICES CONNECTION WITH COVID-19: AN INVESTIGATION FOR BRICS |
| title_full_unstemmed | SUSTAINABILITY OF EXCHANGE RATES AND CRUDE OIL PRICES CONNECTION WITH COVID-19: AN INVESTIGATION FOR BRICS |
| title_short | SUSTAINABILITY OF EXCHANGE RATES AND CRUDE OIL PRICES CONNECTION WITH COVID-19: AN INVESTIGATION FOR BRICS |
| title_sort | sustainability of exchange rates and crude oil prices connection with covid 19 an investigation for brics |
| topic | : ols dcc-garch brics exchange rate volatility crude oil prices |
| url | https://www.utgjiu.ro/revista/ec/pdf/2021-05/02_Bhatia.pdf |
| work_keys_str_mv | AT parulbhatia sustainabilityofexchangeratesandcrudeoilpricesconnectionwithcovid19aninvestigationforbrics |