Coronavirus and oil price crash: A note
Identifieur interne : 000002 ( an2020/Analysis ); précédent : 000001; suivant : 000003Coronavirus and oil price crash: A note
Auteurs : Claudiu Albulescu [France]Source :
English descriptors
Abstract
Coronavirus (COVID-19) creates fear and uncertainty, hitting the global economy and amplifying the financial markets volatility. The oil price reaction to COVID-19 was gradually accommodated until March 09, 2020, when, 49 days after the release of the first coronavirus monitoring report by the World Health Organization (WHO), Saudi Arabia floods the market with oil. As a result, international prices drop with more than 20% in one single day. Against this background, the purpose of this paper is to investigate the impact of COVID-19 numbers on crude oil prices, while controlling for the impact of financial volatility and the United States (US) economic policy uncertainty. Our ARDL estimation shows that the COVID-19 daily reported cases of new infections have a marginal negative impact on the crude oil prices in the long run. Nevertheless, by amplifying the financial markets volatility, COVID-19 also has an indirect effect on the recent dynamics of crude oil prices.
Url:
Affiliations:
Links toward previous steps (curation, corpus...)
- to stream Hal, to step Corpus: 000005
- to stream Hal, to step Curation: 000005
- to stream Hal, to step Checkpoint: 000002
- to stream Main, to step Merge: 000002
- to stream Main, to step Curation: 000002
- to stream Main, to step Exploration: 000002
- to stream an2020, to step Extraction: 000002
Links to Exploration step
Hal:hal-02507184Le document en format XML
<record><TEI><teiHeader><fileDesc><titleStmt><title xml:lang="en">Coronavirus and oil price crash: A note</title><author><name sortKey="Albulescu, Claudiu" sort="Albulescu, Claudiu" uniqKey="Albulescu C" first="Claudiu" last="Albulescu">Claudiu Albulescu</name><affiliation wicri:level="1"><hal:affiliation type="laboratory" xml:id="struct-108640" status="VALID"> <orgName>Centre de Recherche sur l'Intégration Economique et Financière</orgName> <orgName type="acronym">CRIEF</orgName> <desc> <address> <addrLine>93 avenue du Recteur Pineau 86022 Poitiers Cedex</addrLine> <country key="FR"></country> </address> <ref type="url">http://crief.labo.univ-poitiers.fr/</ref> </desc> <listRelation> <relation name="EA2249" active="#struct-54493" type="direct"></relation> </listRelation> <tutelles><tutelle name="EA2249" active="#struct-54493" type="direct"><org type="institution" xml:id="struct-54493" status="VALID"> <orgName>Université de Poitiers</orgName> <desc> <address> <addrLine>15, rue de l'Hôtel Dieu - 86034 Poitiers Cedex</addrLine> <country key="FR"></country> </address> <ref type="url">http://www.univ-poitiers.fr/</ref> </desc> </org></tutelle></tutelles></hal:affiliation><country>France</country><placeName><settlement type="city">Poitiers</settlement><region type="old region" nuts="2">Poitou-Charentes</region><region type="region" nuts="2">Nouvelle-Aquitaine</region></placeName><orgName type="university">Université de Poitiers</orgName></affiliation></author></titleStmt><publicationStmt><idno type="wicri:source">HAL</idno><idno type="RBID">Hal:hal-02507184</idno><idno type="halId">hal-02507184</idno><idno type="halUri">https://hal.archives-ouvertes.fr/hal-02507184</idno><idno type="url">https://hal.archives-ouvertes.fr/hal-02507184</idno><date when="2020-03-12">2020-03-12</date><idno type="wicri:Area/Hal/Corpus">000005</idno><idno type="wicri:Area/Hal/Curation">000005</idno><idno type="wicri:Area/Hal/Checkpoint">000002</idno><idno type="wicri:explorRef" wicri:stream="Hal" wicri:step="Checkpoint">000002</idno><idno type="wicri:Area/Main/Merge">000002</idno><idno type="wicri:Area/Main/Curation">000002</idno><idno type="wicri:Area/Main/Exploration">000002</idno><idno type="wicri:Area/an2020/Extraction">000002</idno></publicationStmt><sourceDesc><biblStruct><analytic><title xml:lang="en">Coronavirus and oil price crash: A note</title><author><name sortKey="Albulescu, Claudiu" sort="Albulescu, Claudiu" uniqKey="Albulescu C" first="Claudiu" last="Albulescu">Claudiu Albulescu</name><affiliation wicri:level="1"><hal:affiliation type="laboratory" xml:id="struct-108640" status="VALID"> <orgName>Centre de Recherche sur l'Intégration Economique et Financière</orgName> <orgName type="acronym">CRIEF</orgName> <desc> <address> <addrLine>93 avenue du Recteur Pineau 86022 Poitiers Cedex</addrLine> <country key="FR"></country> </address> <ref type="url">http://crief.labo.univ-poitiers.fr/</ref> </desc> <listRelation> <relation name="EA2249" active="#struct-54493" type="direct"></relation> </listRelation> <tutelles><tutelle name="EA2249" active="#struct-54493" type="direct"><org type="institution" xml:id="struct-54493" status="VALID"> <orgName>Université de Poitiers</orgName> <desc> <address> <addrLine>15, rue de l'Hôtel Dieu - 86034 Poitiers Cedex</addrLine> <country key="FR"></country> </address> <ref type="url">http://www.univ-poitiers.fr/</ref> </desc> </org></tutelle></tutelles></hal:affiliation><country>France</country><placeName><settlement type="city">Poitiers</settlement><region type="old region" nuts="2">Poitou-Charentes</region><region type="region" nuts="2">Nouvelle-Aquitaine</region></placeName><orgName type="university">Université de Poitiers</orgName></affiliation></author></analytic></biblStruct></sourceDesc></fileDesc><profileDesc><textClass><keywords scheme="mix" xml:lang="en"><term>COVID-19</term><term>coronavirus</term><term>economic policy uncertainty</term><term>financial volatility</term><term>oil price</term></keywords></textClass></profileDesc></teiHeader><front><div type="abstract" xml:lang="en"> <p>Coronavirus (COVID-19) creates fear and uncertainty, hitting the global economy and amplifying the financial markets volatility. The oil price reaction to COVID-19 was gradually accommodated until March 09, 2020, when, 49 days after the release of the first coronavirus monitoring report by the World Health Organization (WHO), Saudi Arabia floods the market with oil. As a result, international prices drop with more than 20% in one single day. Against this background, the purpose of this paper is to investigate the impact of COVID-19 numbers on crude oil prices, while controlling for the impact of financial volatility and the United States (US) economic policy uncertainty. Our ARDL estimation shows that the COVID-19 daily reported cases of new infections have a marginal negative impact on the crude oil prices in the long run. Nevertheless, by amplifying the financial markets volatility, COVID-19 also has an indirect effect on the recent dynamics of crude oil prices.</p> </div></front></TEI><affiliations><list><country><li>France</li></country><region><li>Nouvelle-Aquitaine</li><li>Poitou-Charentes</li></region><settlement><li>Poitiers</li></settlement><orgName><li>Université de Poitiers</li></orgName></list><tree><country name="France"><region name="Poitou-Charentes"><name sortKey="Albulescu, Claudiu" sort="Albulescu, Claudiu" uniqKey="Albulescu C" first="Claudiu" last="Albulescu">Claudiu Albulescu</name></region></country></tree></affiliations></record>Pour manipuler ce document sous Unix (Dilib)
EXPLOR_STEP=$WICRI_ROOT/Wicri/Sante/explor/CovidV2/Data/an2020/Analysis
HfdSelect -h $EXPLOR_STEP/biblio.hfd -nk 000002 | SxmlIndent | more
Ou
HfdSelect -h $EXPLOR_AREA/Data/an2020/Analysis/biblio.hfd -nk 000002 | SxmlIndent | more
Pour mettre un lien sur cette page dans le réseau Wicri
{{Explor lien
|wiki= Wicri/Sante
|area= CovidV2
|flux= an2020
|étape= Analysis
|type= RBID
|clé= Hal:hal-02507184
|texte= Coronavirus and oil price crash: A note
}}
| This area was generated with Dilib version V0.6.33. |  |