The interdependence of gold, US dollar and stock market in the context of COVID-19 pandemic: an insight into analysis in Asia and Europe

Kim, Oanh Tran Thi; Nguyen, Ha H.

doi:10.1080/23322039.2022.2127483

Cited by 8 publications

(2 citation statements)

References 30 publications

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“…In the global financial market, the U.S. dollar also has an important function. Some scholars and researchers also pay attention to the relationship between the U.S. dollar and other financial assets, such as gold [27][28][29], crude oil [30], cryptocurrencies [31], and stock markets [32,33]. Most of studies verified that the U.S. dollar has significant movement with stock markets [34,35].…”

Section: The Us Dollar and Other Financial Assetsmentioning

confidence: 99%

“…Wang and Wang [37] demonstrated that the market efficiency of the U.S. dollar sharply decreases during the extreme event of the COVID-19 pandemic. Tran and Nguyen [29] showed that the stock market in Europe had a negative impact on the U.S. dollar in 2021. Liu and Li [38] showed that there exists volatility spillover effect and dynamic correlation between the U.S. dollar and bitcoin, which is magnified with the advent of COVID-19.…”

Section: The Us Dollar and Other Financial Assetsmentioning

confidence: 99%

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Dynamic Correlation between the Chinese and the US Financial Markets: From Global Financial Crisis to COVID-19 Pandemic

Liu

Wan

et al. 2022

Axioms

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As China’s economy and the U.S. economy have shown a definite interaction, there is considerable interest in studying the correlation between the Chinese stock market and the US financial markets. This paper uses an Asymmetric Dynamic Conditional Correlation (ADCC)-GARCH to investigate the correlation between the Shanghai Composite Index (SHCI) and the U.S. financial markets, including SP500, NASDAQ, and US dollar indexes. The empirical results show that the time-varying daily and the lag-one correlation between China and the US stock markets have different performances during global events and national events. Compared with the complicated effect of negative events on the correlation of the stock market, SHCI and USD are negatively correlated with higher negative correlation during the global negative events. In addition, we found Chinese investors are more contagious to the news than American investors, indicating that the Chinese government’s policy are more indicated to Chinese investors. Finally, some policy suggestions are provided, and are beneficial to risk prevention and control, and investment.

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Section: The Us Dollar and Other Financial Assetsmentioning

confidence: 99%

Section: The Us Dollar and Other Financial Assetsmentioning

confidence: 99%

Dynamic Correlation between the Chinese and the US Financial Markets: From Global Financial Crisis to COVID-19 Pandemic

Liu

Wan

et al. 2022

Axioms

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Interconnected Dynamics of Gold, Nifty, Crude Oil, and USD/INR: Insights from a Panel Data VAR Analysis

Shashidhar Yadav,

Saiprasad,

Druvakumar

et al. 2024

Studies in Systems, Decision and Control

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Analysis Of The Influence Of ESG Value And Commodity Prices On Company Stock Prices On ESG Quality 45 IDX Kehati

Darsono,

Riska,

Nahar

2024

E3S Web Conf.

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The trend of sustainable investment is the choice of investors because of its environmentally friendly practices and long-term investment. The framework for sustainable investment pays attention to three main aspects called ESG (Environment, Social, and Governance). This indicator is very subjective if used as a benchmark to make decisions on determining the stock price of a company. This study aims to analyze the influence of companies that implement ESG and listed on the ESG Quality 45 IDX Kehati stock index. This research sample consists of 20 companies listed in the ESG Quality 45 Idx Kehati stock index. This study used panel data regression method and applied Feasible General Least Square (FGLS) in its analysis, which serves as a resilience check. The results of this study show that social and governance variables have a significant negative effect on stock prices. Other supporting variables include gold has a significant negative effect on the company's stock price and oil variables have a significant positive effect on the company's stock price. Meanwhile, environmental and geopolitical risk variables do not have a significant effect on changes in the company's stock price.

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The interdependence of gold, US dollar and stock market in the context of COVID-19 pandemic: an insight into analysis in Asia and Europe

Cited by 8 publications

References 30 publications

Dynamic Correlation between the Chinese and the US Financial Markets: From Global Financial Crisis to COVID-19 Pandemic

Dynamic Correlation between the Chinese and the US Financial Markets: From Global Financial Crisis to COVID-19 Pandemic

Interconnected Dynamics of Gold, Nifty, Crude Oil, and USD/INR: Insights from a Panel Data VAR Analysis

Analysis Of The Influence Of ESG Value And Commodity Prices On Company Stock Prices On ESG Quality 45 IDX Kehati

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