Oil Prices, Exchange Rates and Emerging Stock Markets

By S. Basher, A. Haug, Perry Sadorsky. 2011

773 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/18518bd5d7d5b0ae273c8083b24ca5882269737e

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Citations in the corpus

Oil price shocks and stock market returns: New evidence from the United States and China (2014, background): “there is a growing body of literature shaping around the concept that supply-side oil price shocks do not exercise any effects anymore on either the economy or the financial markets (see, inter alia, Degiannakis et al., 2014; Abhyankar et al., 2013; Kang and Ratti, 2013; Baumeister and Peersman, 201”
Oil shocks and stock markets: dynamic connectedness under the prism of recent geopolitical and economic unrest (2017, background): “In close relation to this, authors such as Basher et al. (2012), Filis et al. (2011) and Kilian and Park (2009), among others, have already reported the increasing effects of the demand–side oil price shocks (but more importantly of the aggregate demand shocks) on stock market performance. In additi”
Oil Prices and Emerging Market Exchange Rates (2013, methodology): “Recent literature in this area, including Basher et al. (2012), Lizardo and Mollick (2010), Miller and Ratti (2009), Narayan et al. (2008), and Wiegand (2008), yield important results.”
Interaction between oil and US dollar exchange rate: nonlinear causality, time-varying influence and structural breaks in volatility (2018, background): “Some papers find that an increase or decrease in crude oil prices causes depreciation or appreciation of the USD exchange rate (Chaudhuri and Daniel 1998; Amano and Norden 1998; Lizardo and Mollick 2010; Basher, Haug, and Sadorsky 2012).”
Analyzing time–frequency relationship between oil price and exchange rate in Pakistan through wavelets (2015, neutral): “Similarly; Reboredo, [51] conducted a study to model the co-movements between oil prices and exchange rate using correlations and copulas approaches(8).”
Oil, Gold, US dollar and Stock market interdependencies: A global analytical insight (2017, methodology): “(2011) and Basher et al. (2012) were interested in α1 arguing that higher oil price lowers stock markets.”
The Effects of Oil Price Shocks on Stock Market Volatility: Evidence from European Data (2014, background): “Sim ilarly, Basher et al. (2012) show that supply-side oil price shocks do not exercise an impact on the emerging stock market returns, whereas the aggregate demand oil price shocks seem to have a positive effect.”
Impacts of OPEC's political risk on the international crude oil prices: An empirical analysis based on the SVAR models (2016, methodology): “…Table 2, so we estimate the SVAR model with data in levels following the method of Toda and Yamamoto(1995), whose advantage is that the pre-testing for cointegration is not required and potential bias for unit root and cointegration tests is avoided (Clarke and Mirza, 2006; Basher et al., 2012).”
The relationship between energy and equity markets: evidence from volatility impulse response functions (2014, neutral): “In a more recent paper Basher, Haug, and Sadorsky (2012) employ a six variable structural VAR and impulse response analysis to analyze the dynamic relationship between oil prices, exchange rates, and emerging market stock prices.”
On the nonlinear relation between crude oil and gold (2017, background): “Therefore, it is important to understand the relationship between oil prices, gold markets and the overall economy (e.g., see, Herrera and Pesavento, 2009; Basher et al., 2012; Bal and Rath, 2015).”
Effects of oil price shocks on the stock market performance: Do nature of shocks and economies matter? (2015, background): “A number of research findings (for example, Basher et al., 2012; Park and Ratti, 2008; Sadorsky, 1999) have supported this proposition.”