Connectedness among crude oil prices, stock index and metal prices: An application of network approach in the USA

The purpose of this paper is to discuss death cases on the World, exacerbated investor fears, uncertainties, and increased volatility of crude oil prices in financial markets. The reaction absorbed the epidemic gradually until January 22. Still, the market situation changed soon with a sharp drop in prices, and prices slowly recovered after that until June 14. The data of this research using an econometric model, the ARDL (Autoregressive Distributed Lag), according to the Gets methodology, using daily data, January 22 –June 14, 2020. Our ARDL shows, the death ratio has a significant negative effect on oil price dynamics. However, the death ratio has an indirect impact on volatility in Crude Oil prices. The findings show that the death toll of COVID-19 has a significant impact on oil prices in Saudi Arabia (KSA). However, the preliminary results mainly influence by the situation reported in the USA. When we assess the case outside the USA, and we see the positive effect of the COVID-19 death figures on oil prices, therefore, stress the amplification of death-related risks to the financial market and the real economy, caused by increased, policy-induced economic uncertainty in the United States.

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Finding the multipath propagation of multivariable crude oil prices using a wavelet-based network approach

Physica A Statistical Mechanics and its Applications ◽

10.1016/j.physa.2015.12.064 ◽

2016 ◽

Vol 447 ◽

pp. 331-344 ◽

Cited By ~ 10

Author(s):

Xiaoliang Jia ◽

Haizhong An ◽

Xiaoqi Sun ◽

Xuan Huang ◽

Xiangyun Gao

Keyword(s):

Crude Oil ◽

Multipath Propagation ◽

Oil Prices ◽

Network Approach ◽

Crude Oil Prices

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CAN THE PRICES OF THE WORLD CRUDE OIL AS A PROXY COST TRANSPORTATION IN TRADE IN ASEAN-3?

Jurnal Ilmu Ekonomi dan Pembangunan ◽

10.20961/jiep.v16i1.2318 ◽

2017 ◽

Vol 16 (1) ◽

Author(s):

Lumadya Adi

Keyword(s):

Data Analysis ◽

Panel Data ◽

Crude Oil ◽

Fixed Effects ◽

Oil Prices ◽

Ordinary Least Squares ◽

Fixed Effects Model ◽

Crude Oil Prices ◽

The World ◽

The Usa

The purpose of this paper is to examine the effect of crude oil prices, GDPimporter, and GDPexporter on trade in three ASEAN includes: Indonesia, Malaysia, and Thailand.Analysis tools are: Ordinary Least Squares (OLS) and the Fixed Effects Model (FEM). In addition to the three countries within ASEAN, researchers include two countries outside ASEAN, namely the USA and Japan. This type of data is the Panel Data with 60 observations.The results of data analysis based on FEM is:For Indonesia: GDPexporter, GDPimporter, and the price of crude oil influence significant and positive on trade. Variations are able to be explained by 85.39%.For Malaysia: GDPexporter, GDPimporter, and the price of crude oil influence significant and positive on trade. Variations are able to be explained by 82.27%.For Thailand: GDPexporter, GDPimporter, and the price of crude oil significant and positive on trade. Variations are able to be explained by 79.74%. Keywords: crude oil prices, GDPexporters, GDPimporters, intra trade

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An Empirical Investigation of Factors Affecting Stock Prices in Vietnam

Journal of Economics and Development ◽

10.33301/2014.16.01.05 ◽

2014 ◽

pp. 74-89 ◽

Cited By ~ 1

Author(s):

Vinh Vo Xuan

Keyword(s):

Exchange Rates ◽

Crude Oil ◽

Foreign Exchange ◽

Stock Prices ◽

Global Financial Crisis ◽

Oil Prices ◽

Foreign Exchange Rates ◽

Factors Affecting ◽

Crude Oil Prices ◽

Before And After

This paper investigates factors affecting Vietnam’s stock prices including US stock prices, foreign exchange rates, gold prices and crude oil prices. Using the daily data from 2005 to 2012, the results indicate that Vietnam’s stock prices are influenced by crude oil prices. In addition, Vietnam’s stock prices are also affected significantly by US stock prices, and foreign exchange rates over the period before the 2008 Global Financial Crisis. There is evidence that Vietnam’s stock prices are highly correlated with US stock prices, foreign exchange rates and gold prices for the same period. Furthermore, Vietnam’s stock prices were cointegrated with US stock prices both before and after the crisis, and with foreign exchange rates, gold prices and crude oil prices only during and after the crisis.

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Determinants of Inflation in Vietnam: A VECM Approach

Journal of Asian Business and Economic Studies ◽

10.24311/jabes/2015.22.4.02 ◽

2015 ◽

Vol 22 (04) ◽

pp. 26-50

Author(s):

Ngoc Tran Thi Bich ◽

Huong Pham Hoang Cam

Keyword(s):

Interest Rate ◽

Crude Oil ◽

Error Correction ◽

Budget Deficit ◽

Oil Prices ◽

Crude Oil Prices ◽

Domestic Credit ◽

Short Run ◽

The Impact

This paper aims to examine the main determinants of inflation in Vietnam during the period from 2002Q1 to 2013Q2. The cointegration theory and the Vector Error Correction Model (VECM) approach are used to examine the impact of domestic credit, interest rate, budget deficit, and crude oil prices on inflation in both long and short terms. The results show that while there are long-term relations among inflation and the others, such factors as oil prices, domestic credit, and interest rate, in the short run, have no impact on fluctuations of inflation. Particularly, the budget deficit itself actually has a short-run impact, but its level is fundamentally weak. The cause of the current inflation is mainly due to public's expectations of the inflation in the last period. Although the error correction, from the long-run relationship, has affected inflation in the short run, the coefficient is small and insignificant. In other words, it means that the speed of the adjustment is very low or near zero. This also implies that once the relationship among inflation, domestic credit, interest rate, budget deficit, and crude oil prices deviate from the long-term trend, it will take the economy a lot of time to return to the equilibrium state.

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Dynamic Relationship between Crude Oil and Stock Prices in India: Before And After the Subprime Financial Crisis 2008

GIS Business ◽

10.26643/gis.v14i6.11683 ◽

2019 ◽

Vol 14 (6) ◽

pp. 96-104

Author(s):

P. Sakthivel ◽

S. Rajaswaminathan ◽

R. Renuka ◽

N. R.Vembu

Keyword(s):

Financial Crisis ◽

Crude Oil ◽

Stock Prices ◽

Oil Prices ◽

Energy Index ◽

Data Set ◽

Dynamic Relationship ◽

Crude Oil Prices ◽

Long Run ◽

Before And After

This paper empirically discovered the inter-linkages between stock and crude oil prices before and after the subprime financial crisis 2008 by using Johansan co-integration and Granger causality techniques to explore both long and short- run relationships. The whole data set of Nifty index, Nifty energy index, BSE Sensex, BSE energy index and oil prices are divided into two periods; before crisis (from February 15, 2005 to December31, 2007) and after crisis (from January 1, 2008 to December 31, 2018) are collected and analyzed. The results discovered that there is one-way causal relationship from crude oil prices to Nifty index, Nifty energy index, BSE Sensex and BSE energy index but not other way around in both periods. However, a bidirectional causality relationship between BSE Energy index and crude oil prices during post subprime financial crisis 2008. The co-integration results suggested that the absence of long run relationship between crude oil prices and market indices of BSE Sensex, BSE energy index, Nifty index and Nifty energy index before and after subprime financial crisis 2008.

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