The impact of COVID-19 news, panic and media coverage on the oil and gold prices: An ARDL approach

Atri, Hanen; Kouki, Saoussen; Gallali, Mohamed Imen

doi:10.1016/j.resourpol.2021.102061

Cited by 101 publications

(81 citation statements)

References 69 publications

(90 reference statements)

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“…Wu et al (2021) argued that media can stimulate the forecast of oil cost and usage over the COVID-19 contagion. Atri et al (2021) noticed that the number of casualties and the COVID-19 panic adversely impact petroleum value, but the COVID-19 media coverage positively influences fuel cost in the short run.…”

Section: Literature Reviewmentioning

confidence: 99%

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COVID-19 Pandemic and Romanian Stock Market Volatility: A GARCH Approach

Gherghina

Armeanu

Joldeș

2021

JRFM

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This paper investigates the volatility of daily returns on the Romanian stock market between January 2020 and April 2021. Volatility is analyzed by means of the representative index for Bucharest Stock Exchange (BSE), namely, the Bucharest Exchange Trading (BET) index, along with twelve companies traded on BSE. The quantitative investigation was performed using GARCH approach. In the survey, the GARCH model (1,1) was applied to explore the volatility of the BET and BSE traded shares. Conditional volatility for the daily return series showed noticeable evidence of volatility that shifts over the explored period. In the first quarter of 2020, the Romanian equity market volatility increased to a level very close to that recorded during the global financial crisis of 2007–2009. Over the next two quarters, volatility had a downward trend. Besides, after VAR estimation, no causal connection was found among the COVID-19 variables and the BET index.

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Section: Literature Reviewmentioning

confidence: 99%

“…(2021),Atri et al (2021),Banerjee (2021),Bora and Basistha (2021),Insaidoo et al (2021), Li (2021,Yousaf (2021),Yousfi et al (2021), and …”

mentioning

confidence: 99%

COVID-19 Pandemic and Romanian Stock Market Volatility: A GARCH Approach

Gherghina

Armeanu

Joldeș

2021

JRFM

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“…Como respuesta a tales desafíos se propusieron e implementaron, desde economías desarrolladas encabezadas por Estados Unidos e Inglaterra, profundas reformas económicas y financieras a favor del libre mercado y en contra de iniciativas regulatorias sobre el flujo de las inversiones. De esta manera, los mercados de capital domésticos permitieron la libre movilidad de capitales desde y hacia el exterior, no sólo en los países desarrollados sino también, y cada vez con mayor intensidad, en sus contrapartes emergentes ( La eliminación de barreras al flujo de capital, particularmente el destinado hacia inversiones en activos financieros -portafolios-, así como una mayor sofisticación y sincronización tecnológica 5 , por un lado, y la creación de novedosos instrumentos financieros que pretenden mejorar las posibilidades de inversión, financiamiento, cobertura, arbitraje por otro 6 , han logrado, entre otros aspectos, un notable incremento en el nivel de integración entre los mercados financieros del mundo (Dorodnykh, 2014;Sandoval et al (2015); Mellado y Escobari, 2015; Campos y Revoredo, 2017; Kumamoto y Zhuo, 2020).…”

Section: Revisión De Literaturaunclassified

Dependencia de los mercados de valores de Argentina, Brasil y México respecto del estadounidense: Covid19 y otras crisis financieras recientes

Benavides

Ríos

Herrera

2021

REMEF

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Este artículo muestra el análisis efectuado para comparar la estructura de dependencia de la caída de los rendimientos accionarios de los mercados de los tres países más grandes de América Latina (Argentina, Brasil y México) en los rendimientos del mercado de valores estadounidense. Se compara la caída propiciada por el surgimiento de la pandemia de Covid-19 con otros episodios de crisis financieras acaecidas a partir de la última década del siglo XX. Mediante cópulas bivariadas de Clayton con regímenes conducidos por cambios markovianos, se estudia el grado de la dependencia en la cola inferior de la distribución, encontrando patrones distintos de dependencia que sugieren que los mercados de Brasil y México son más dependientes que el argentino. Una limitante es que no termina aún la recuperación económica derivada de la pandemia, por lo que los resultados en relación con los efectos de la Covid-19 podrían considerarse sólo como provisionales, sin embargo, este artículo contribuye a entender cómo ha sido el proceso de globalización y las posibles consecuencias para la internacionalización de los mercados bursátiles latinoamericanos y la inversión en la región, incluyendo la de portafolio.

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“… Su et al, 2018 ). Some scholars indicate that there is heterogeneity between different media coverage types ( Atri et al, 2021 ; Cepoi, 2020 ; Shi & Ho, 2021 ). For example, Haroon and Rizvi (2020) demonstrate that the panic emotion from news contributed to volatility to a greater extent in the transportation sector equity market than negative sentiment.…”

Section: Introductionmentioning

confidence: 99%

Information spillover effects from media coverage to the crude oil, gold, and Bitcoin markets during the COVID-19 pandemic: Evidence from the time and frequency domains

Zhang

Hong

Guo

et al. 2022

International Review of Economics & Finance

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Many scholars have explored the COVID-19 impact on the crude oil, gold, and Bitcoin markets, whereas most have ignored the media coverage influence. This paper focuses on examining information spillover from epidemic-related news to the crude oil, gold, and Bitcoin markets with the time-frequency analysis method. The empirical results reveal that both the return and volatility spillovers from epidemic-related news to the crude oil, gold, and Bitcoin markets are stronger in the short term (less than 1 week). In the long term, only the media sentiment index notably impacts crude oil, gold, and Bitcoin market returns. The volatility spillover from media coverage to crude oil mainly occurs in the short term. Regarding the gold and Bitcoin markets, the long-term volatility spillovers are significant. An obvious risk contagion path is found. Media hype is the main risk transmitter and transmits vast shocks to these three markets, especially the Bitcoin market, which subsequently transmits these shocks to the gold market. Risk accumulates systemically in the gold and Bitcoin markets. These findings have crucial empirical implications for policymakers and investors when formulating related short- or long-term decisions during the pandemic.

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The impact of COVID-19 news, panic and media coverage on the oil and gold prices: An ARDL approach

Cited by 101 publications

References 69 publications

COVID-19 Pandemic and Romanian Stock Market Volatility: A GARCH Approach

COVID-19 Pandemic and Romanian Stock Market Volatility: A GARCH Approach

Dependencia de los mercados de valores de Argentina, Brasil y México respecto del estadounidense: Covid19 y otras crisis financieras recientes

Information spillover effects from media coverage to the crude oil, gold, and Bitcoin markets during the COVID-19 pandemic: Evidence from the time and frequency domains

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