US banks in the time of COVID-19: fresh insights from the wavelet approach

This study explores the impact of COVID-19, crude oil price, US economic policy uncertainty, baltic dry index, and the stock market volatility on the US bank indices. This study is conducted based on the daily data ranging from 21st January 2020 to 30th October 2020. The wavelet coherence analysis s...

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Detalles Bibliográficos
Autores principales: Jeris, Saeed Sazzad, Nath, Ridoy Deb
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2021
Materias:
Original Paper
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8079858/
http://dx.doi.org/10.1007/s40822-021-00171-8
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author Jeris, Saeed Sazzad
Nath, Ridoy Deb
author_facet Jeris, Saeed Sazzad
Nath, Ridoy Deb
author_sort Jeris, Saeed Sazzad
collection PubMed
description This study explores the impact of COVID-19, crude oil price, US economic policy uncertainty, baltic dry index, and the stock market volatility on the US bank indices. This study is conducted based on the daily data ranging from 21st January 2020 to 30th October 2020. The wavelet coherence analysis suggests that rising COVID-19 cases in the US have a strong impact on both bank indices. Also, global COVID-19 cases influence the bank indices, although it is not as strong as US COVID-19 cases. Additionally, we have found that the US economic policy uncertainty and stock market volatility imposed negative and strong effect on the bank indices in this pandemic situation. Moreover, continuous fluctuation of crude oil price makes the US banks volatile throughout the period.
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spelling pubmed-80798582021-04-28 US banks in the time of COVID-19: fresh insights from the wavelet approach Jeris, Saeed Sazzad Nath, Ridoy Deb Eurasian Econ Rev Original Paper This study explores the impact of COVID-19, crude oil price, US economic policy uncertainty, baltic dry index, and the stock market volatility on the US bank indices. This study is conducted based on the daily data ranging from 21st January 2020 to 30th October 2020. The wavelet coherence analysis suggests that rising COVID-19 cases in the US have a strong impact on both bank indices. Also, global COVID-19 cases influence the bank indices, although it is not as strong as US COVID-19 cases. Additionally, we have found that the US economic policy uncertainty and stock market volatility imposed negative and strong effect on the bank indices in this pandemic situation. Moreover, continuous fluctuation of crude oil price makes the US banks volatile throughout the period. Springer International Publishing 2021-04-28 2021 /pmc/articles/PMC8079858/ http://dx.doi.org/10.1007/s40822-021-00171-8 Text en © Eurasia Business and Economics Society 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Original Paper
Jeris, Saeed Sazzad
Nath, Ridoy Deb
US banks in the time of COVID-19: fresh insights from the wavelet approach
title US banks in the time of COVID-19: fresh insights from the wavelet approach
title_full US banks in the time of COVID-19: fresh insights from the wavelet approach
title_fullStr US banks in the time of COVID-19: fresh insights from the wavelet approach
title_full_unstemmed US banks in the time of COVID-19: fresh insights from the wavelet approach
title_short US banks in the time of COVID-19: fresh insights from the wavelet approach
title_sort us banks in the time of covid-19: fresh insights from the wavelet approach
topic Original Paper
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8079858/
http://dx.doi.org/10.1007/s40822-021-00171-8
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