Pamphile Mezui-Mbeng, Eugene Kouassi, Afees Salisu, Loukou Landry Eric Yobouet
{"title":"在健康危机时期重新审视石油与股票的关系：一种小波方法","authors":"Pamphile Mezui-Mbeng, Eugene Kouassi, Afees Salisu, Loukou Landry Eric Yobouet","doi":"10.1108/ijoem-12-2021-1864","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>The paper aims at analyzing the co-movements between stock returns and oil prices (West Texas Intermediate, Brent) controlling or not for COVID-19.</p><!--/ Abstract__block -->\n<h3>Design/methodology/approach</h3>\n<p>It uses continuous wavelet transforms and wavelet coherence over the period July 19, 2019 to August 16, 2021 based on daily data. Continuous wavelet transforms provide an over complete representation of stock returns signals by letting the translation and scale parameters of the wavelets vary continuously.</p><!--/ Abstract__block -->\n<h3>Findings</h3>\n<p>There are not significant evidence supporting the fact that the COVID-19 has altered the relationship between stock returns and oil prices except perhaps in the case of South Africa. In fact, Southern African Development Community stock markets react more to oil prices than to health shock such as the COVID-19.</p><!--/ Abstract__block -->\n<h3>Originality/value</h3>\n<p>The findings of the study are original and have not been published anywhere prior.</p><!--/ Abstract__block -->","PeriodicalId":47381,"journal":{"name":"International Journal of Emerging Markets","volume":null,"pages":null},"PeriodicalIF":2.7000,"publicationDate":"2024-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Revisiting oil-stock nexus in the time of health crisis: a wavelet approach\",\"authors\":\"Pamphile Mezui-Mbeng, Eugene Kouassi, Afees Salisu, Loukou Landry Eric Yobouet\",\"doi\":\"10.1108/ijoem-12-2021-1864\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<h3>Purpose</h3>\\n<p>The paper aims at analyzing the co-movements between stock returns and oil prices (West Texas Intermediate, Brent) controlling or not for COVID-19.</p><!--/ Abstract__block -->\\n<h3>Design/methodology/approach</h3>\\n<p>It uses continuous wavelet transforms and wavelet coherence over the period July 19, 2019 to August 16, 2021 based on daily data. Continuous wavelet transforms provide an over complete representation of stock returns signals by letting the translation and scale parameters of the wavelets vary continuously.</p><!--/ Abstract__block -->\\n<h3>Findings</h3>\\n<p>There are not significant evidence supporting the fact that the COVID-19 has altered the relationship between stock returns and oil prices except perhaps in the case of South Africa. In fact, Southern African Development Community stock markets react more to oil prices than to health shock such as the COVID-19.</p><!--/ Abstract__block -->\\n<h3>Originality/value</h3>\\n<p>The findings of the study are original and have not been published anywhere prior.</p><!--/ Abstract__block -->\",\"PeriodicalId\":47381,\"journal\":{\"name\":\"International Journal of Emerging Markets\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":2.7000,\"publicationDate\":\"2024-08-20\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Emerging Markets\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://doi.org/10.1108/ijoem-12-2021-1864\",\"RegionNum\":4,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"BUSINESS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Emerging Markets","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1108/ijoem-12-2021-1864","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}
Revisiting oil-stock nexus in the time of health crisis: a wavelet approach
Purpose
The paper aims at analyzing the co-movements between stock returns and oil prices (West Texas Intermediate, Brent) controlling or not for COVID-19.
Design/methodology/approach
It uses continuous wavelet transforms and wavelet coherence over the period July 19, 2019 to August 16, 2021 based on daily data. Continuous wavelet transforms provide an over complete representation of stock returns signals by letting the translation and scale parameters of the wavelets vary continuously.
Findings
There are not significant evidence supporting the fact that the COVID-19 has altered the relationship between stock returns and oil prices except perhaps in the case of South Africa. In fact, Southern African Development Community stock markets react more to oil prices than to health shock such as the COVID-19.
Originality/value
The findings of the study are original and have not been published anywhere prior.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
