Climate Finance in the Wake of Covid-19: Connectedness of Clean Energy With Conventional Energy and Regional Stock Markets

Karim, Sitara; Khan, Shabeer; Mirza, Nawazish; Alawi, Suha Mahmoud; Taghizadeh–Hesary, Farhad

doi:10.1142/s2010007822400085

Cited by 44 publications

(14 citation statements)

References 47 publications

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“…Similarly, in the MENA region, COVID-19 pandemic infuriated the development challenges addressing poverty, public finances, debt regulations, and financial erosion concerns. As part of technological innovations, some regulation bodies and economic institutions have pointed out various factors that impact the financial stability following the FinTech discoveries (Karim et al, 2022d). Studies and reports document that technological innovations facilitated positive impact when competition among firms is higher.…”

Section: Financial Disruption and Instabilitymentioning

confidence: 99%

Fintech Growth during COVID-19 in MENA Region: Current Challenges and Future prospects

Naz

Karim

Houcine

et al. 2022

Electron Commer Res

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In the wake of ongoing challenges faced by the disruption of COVID-19, the current study attempts to investigate fintech growth during COVID-19 in the Middle East and North African (MENA) region. The study applies descriptive analysis, content analysis, and keyword selection criteria to segregate current challenges and future prospects of fintech growth in the MENA region. Our study comprises 250 research articles, web reports, news articles, opinion papers, and commentaries. The study reported privacy issues, cybercrimes, financial disruption and instability, exploitation of social norms and values, rising inequalities, and non-compliance of regulatory authorities as major challenges posed by fintech startups in the MENA region. On the contrary, the future prospects of FinTech growth in the MENA region are employment opportunities, decentralization, cost-effectiveness, financial outreach, networking, and breaking traditional financial biases. The study recommended multiple implications for policymakers, regulation bodies, countries in the MENA region, and fintech developers.

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Section: Financial Disruption and Instabilitymentioning

confidence: 99%

Fintech Growth during COVID-19 in MENA Region: Current Challenges and Future prospects

Naz

Karim

Houcine

et al. 2022

Electron Commer Res

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“…The pandemic and the economic uncertainties had a significant impact on the financial markets globally. A review of the literature on the economic impacts of the pandemic reveals that several studies focused on the impact of the COVID-19 pandemic on national and international financial markets (Li et al, 2021;Dai et al, 2022;Taghizadeh-Hesary et al, 2021a;Karim et al, 2022;Wong et al, 2022;Zhao et al 2022). In this section, we reviewed the earlier studies on the impact of COVID-19 on financial markets and green investments.…”

Section: Literature Reviewmentioning

confidence: 99%

COVID-19 and its impact on tourism sectors: implications for green economic recovery

Shang¹,

Pan

Chen

et al. 2022

Econ Change Restruct

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The COVID-19 pandemic posed huge hurdles to green economic recovery and the tourism sector. This paper examines challenges in the Zhejiang, Fujian, and Shandong provinces of China' coastal tourism and green economic growth in the wake of the COVID-19 pandemic. To assess this impact, the study used econometrics models based on the Chinese provincial data from March 2020 to April 2021. According to the results, coastal tourism's related income fell drastically regardless of where the people live. Fisherman's earnings dropped by 26%, while captains and owner's earnings dropped by 49% on average. This also resulted in a shortage of food supply that endangered food security. During the pandemic, the number and duration of tourism trips dropped in all study locations. In addition, results indicated that in the wake of COVID-19, lower economic growth and recessions resulted in a significant decline in green investments. The paper proposes that to achieve green recovery and the recovery of the tourism sector, the local and central governments need to increase green investments and the literacy of the people in charge of coastal tourism.

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“…To understand the systemic connectedness among various asset classes including energy, metals and agricultural commodities, as summarized in table 1, earlier literature has used GARCH family models (Dahl et al, 2020;Kang et al, 2017;Karali & Ramirez, 2014;Karim et al, 2022cKarim et al, , 2022dWu et al, 2011), VaR (Caporin et al, 2021;Guhathakurta et al, 2020;Ji et al, 2020;Zhang & Broadstock, 2020;Al-Yahyaee et al, 2019;Balli et al, 2019;Umar et al, 2022;Singh et al, 2019), multifractal approach (Madani & Ftiti, 2021), CoVaR and copula approaches (Ameur et al, 2020;Reboredo, 2015), graph theory analysis (Lautier & Raynaud, 2012) and Bayesian analysis (Du et al, 2011).…”

Section: Review Of Related Literaturementioning

confidence: 99%

Modelling systemic risk of energy and non-energy commodity markets during the COVID-19 pandemic

et al. 2022

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COVID-19 led restrictions make it imperative to study how pandemic affects the systemic risk profile of global commodities network. Therefore, we investigate the systemic risk profile of global commodities network as represented by energy and nonenergy commodity markets (precious metals, industrial metals, and agriculture) in pre- and post-crisis period. We use neural network quantile regression approach of Keilbar and Wang (Empir Econ 62:1–26, 2021) using daily data for the period 01 January 2018–27 October 2021. The findings suggest that at the onset of COVID-19, the two firm-specific risk measures namely value at risk and conditional value of risk explode pointing to increasing systemic risk in COVID-19 period. The risk spillover network analysis reveals moderate to high lower tail connectedness of commodities within each sector and low tail connectedness of energy commodities with the other sectors for both pre- and post-COVID-19 periods. The Systemic Network Risk Index reveals an abrupt increase in systemic risk at the start of pandemic, followed by gradual stabilization. We rank commodities in terms of systemic fragility index and observe that in post COVID-19 period, gold, silver, copper, and zinc are the most fragile commodities while wheat and sugar are the least fragile commodities. We use Systemic Hazard Index to rank commodities with respect to their risk contribution to global commodities network. During post COVID-19 period, the energy commodities (except natural gas) contribute most to the systemic risk. Our study has important implications for policymakers and the investment industry.

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Climate Finance in the Wake of Covid-19: Connectedness of Clean Energy With Conventional Energy and Regional Stock Markets

Cited by 44 publications

References 47 publications

Fintech Growth during COVID-19 in MENA Region: Current Challenges and Future prospects

Fintech Growth during COVID-19 in MENA Region: Current Challenges and Future prospects

COVID-19 and its impact on tourism sectors: implications for green economic recovery

Modelling systemic risk of energy and non-energy commodity markets during the COVID-19 pandemic

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