Arbeitspapier
Energy Contagion in the COVID-19 Crisis
We investigate the relationship between oil prices and stock markets of selected oil importers and oil exporters at the time of the COVID-19 pandemic. We provide evidence in favour of energy contagion, in term of significantly higher correlations between oil and stock markets returns during turbulent phases in the oil market, for all countries in our sample. Our results are robust to different crisis datings and consistent across different segments of the assets return distributions.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 8345
- Klassifikation
-
Wirtschaft
Financial Econometrics
Financial Crises
International Financial Markets
- Thema
-
contagion
intraday data
local correlation
oil
stock markets
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Heinlein, Reinhold
Legrenzi, Gabriella Deborah
Mahadeo, Scott M. R.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and Ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Heinlein, Reinhold
- Legrenzi, Gabriella Deborah
- Mahadeo, Scott M. R.
- Center for Economic Studies and Ifo Institute (CESifo)
Entstanden
- 2020