دورية أكاديمية
The Impact of Ukrainian Crisis on the Connectedness of Stock Index in Asian Economies
| العنوان: | The Impact of Ukrainian Crisis on the Connectedness of Stock Index in Asian Economies |
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| المؤلفون: | Ammar Jreisat, Somar Al-Mohamad, Audil Rashid Khaki, Walid Bakry |
| المصدر: | Emerging Science Journal, Vol 7, Iss 2, Pp 354-365 (2023) |
| بيانات النشر: | Ital Publication, 2023. |
| سنة النشر: | 2023 |
| المجموعة: | LCC:Technology (General) LCC:Social sciences (General) |
| مصطلحات موضوعية: | ukrainian crisis, spillover, asian stock markets, financial connectedness, diebold and yilmaz (2012)., Technology (General), T1-995, Social sciences (General), H1-99 |
| الوصف: | The main aim of this study is to measure the dynamic connectedness and spillover effects among emerging stock markets in Asia and the developed stock markets of the US and Europe in the ongoing Ukrainian crisis. The paper also aims to provide a comparative analysis of return and volatility spillovers during the global financial crisis in 2008, the COVID-19 pandemic, and the Ukrainian crisis. This paper utilizes the multiple structural beak test of Bai & Perron (2003) and also depicts the risk and return transmissions among these markets using the Diebold & Yilmaz (2012) method. The main outcomes of this study indicate that the stock markets in Asia are less affected by the political crisis in Ukraine as compared to the previous effects during the GFC and COVID-19 periods. The results also show that sensitivity of Asian financial markets to global shocks has been weakened in the wake of the Ukrainian crisis in favour of increased resilience of Asian stock indices to external shocks. These results carry an important implication for international and local investors as well as for policy makers in Asia, where investors have greater potentials for portfolio diversify and risk reduction across Asian markets. Doi: 10.28991/ESJ-2023-07-02-04 Full Text: PDF |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 2610-9182 |
| Relation: | https://www.ijournalse.org/index.php/ESJ/article/view/1406; https://doaj.org/toc/2610-9182 |
| DOI: | 10.28991/ESJ-2023-07-02-04 |
| URL الوصول: | https://doaj.org/article/a8ba6fd50c5746edba51bdf051eb5bdf |
| رقم الأكسشن: | edsdoj.8ba6fd50c5746edba51bdf051eb5bdf |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 26109182 |
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| DOI: | 10.28991/ESJ-2023-07-02-04 |