COVID-19 and currency dependences: Empirical evidence from BRICS

The COVID-19 has caused dramatic fluctuations in international financial markets. This paper tests the effect of this pandemic on foreign exchange dependences within the BRICS economies. Upon dividing the COVID-19 episode into four stages, we document negative effects of the COVID-19 on dependences...

Descripción completa

Detalles Bibliográficos
Autores principales: Xu, Yingying, Lien, Donald
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8856888/
https://www.ncbi.nlm.nih.gov/pubmed/35221807
http://dx.doi.org/10.1016/j.frl.2021.102119
_version_ 1784653938253889536
author Xu, Yingying
Lien, Donald
author_facet Xu, Yingying
Lien, Donald
author_sort Xu, Yingying
collection PubMed
description The COVID-19 has caused dramatic fluctuations in international financial markets. This paper tests the effect of this pandemic on foreign exchange dependences within the BRICS economies. Upon dividing the COVID-19 episode into four stages, we document negative effects of the COVID-19 on dependences between CNY and other currencies in the BRICS across different stages. In addition, USD flows positively affect the dependencies of BRL-CNY, INR-CNY, and RUB-CNY pairs in response to the transition of the pandemic stages.
format Online
Article
Text
id pubmed-8856888
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher Elsevier Inc.
record_format MEDLINE/PubMed
spelling pubmed-88568882022-02-22 COVID-19 and currency dependences: Empirical evidence from BRICS Xu, Yingying Lien, Donald Financ Res Lett Article The COVID-19 has caused dramatic fluctuations in international financial markets. This paper tests the effect of this pandemic on foreign exchange dependences within the BRICS economies. Upon dividing the COVID-19 episode into four stages, we document negative effects of the COVID-19 on dependences between CNY and other currencies in the BRICS across different stages. In addition, USD flows positively affect the dependencies of BRL-CNY, INR-CNY, and RUB-CNY pairs in response to the transition of the pandemic stages. Elsevier Inc. 2022-03 2021-05-11 /pmc/articles/PMC8856888/ /pubmed/35221807 http://dx.doi.org/10.1016/j.frl.2021.102119 Text en © 2021 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Xu, Yingying
Lien, Donald
COVID-19 and currency dependences: Empirical evidence from BRICS
title COVID-19 and currency dependences: Empirical evidence from BRICS
title_full COVID-19 and currency dependences: Empirical evidence from BRICS
title_fullStr COVID-19 and currency dependences: Empirical evidence from BRICS
title_full_unstemmed COVID-19 and currency dependences: Empirical evidence from BRICS
title_short COVID-19 and currency dependences: Empirical evidence from BRICS
title_sort covid-19 and currency dependences: empirical evidence from brics
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8856888/
https://www.ncbi.nlm.nih.gov/pubmed/35221807
http://dx.doi.org/10.1016/j.frl.2021.102119
work_keys_str_mv AT xuyingying covid19andcurrencydependencesempiricalevidencefrombrics
AT liendonald covid19andcurrencydependencesempiricalevidencefrombrics

Ejemplares similares