The bubble contagion effect of COVID-19 outbreak: Evidence from crude oil and gold markets.
Identifieur interne : 000435 ( Main/Exploration ); précédent : 000434; suivant : 000436The bubble contagion effect of COVID-19 outbreak: Evidence from crude oil and gold markets.
Auteurs : Cheima Gharib [Tunisie] ; Salma Mefteh-Wali [France] ; Sami Ben Jabeur [France]Source :
- Finance research letters [ 1544-6131 ] ; 2020.
Abstract
This paper examines the causal relationship between crude oil and gold spot prices to assess how the economic impact of COVID-19 has affected them. We analyze West Texas Light crude oil (WTI) and gold prices from January 4, 2010, to May 4, 2020. We detect common periods of mild explosivity in WTI and gold markets. More importantly, we find a bilateral contagion effect of bubbles in oil and gold markets during the recent COVID-19 outbreak.
DOI: 10.1016/j.frl.2020.101703
PubMed: 32837382
PubMed Central: PMC7385502
Affiliations:
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We analyze West Texas Light crude oil (WTI) and gold prices from January 4, 2010, to May 4, 2020. We detect common periods of mild explosivity in WTI and gold markets. More importantly, we find a bilateral contagion effect of bubbles in oil and gold markets during the recent COVID-19 outbreak.</div></front></TEI><pubmed><MedlineCitation Status="Publisher" Owner="NLM"><PMID Version="1">32837382</PMID><DateRevised><Year>2020</Year><Month>08</Month><Day>24</Day></DateRevised><Article PubModel="Print-Electronic"><Journal><ISSN IssnType="Electronic">1544-6131</ISSN><JournalIssue CitedMedium="Internet"><PubDate><Year>2020</Year><Month>Jul</Month><Day>28</Day></PubDate></JournalIssue><Title>Finance research letters</Title><ISOAbbreviation>Financ Res Lett</ISOAbbreviation></Journal><ArticleTitle>The bubble contagion effect of COVID-19 outbreak: Evidence from crude oil and gold markets.</ArticleTitle><Pagination><MedlinePgn>101703</MedlinePgn></Pagination><ELocationID EIdType="doi" ValidYN="Y">10.1016/j.frl.2020.101703</ELocationID><Abstract><AbstractText>This paper examines the causal relationship between crude oil and gold spot prices to assess how the economic impact of COVID-19 has affected them. We analyze West Texas Light crude oil (WTI) and gold prices from January 4, 2010, to May 4, 2020. We detect common periods of mild explosivity in WTI and gold markets. More importantly, we find a bilateral contagion effect of bubbles in oil and gold markets during the recent COVID-19 outbreak.</AbstractText><CopyrightInformation>© 2020 Elsevier Inc. 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