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Does COVID-19 play any role in the asymmetric relationship between oil prices and exchange rates? Evidence from South Korea
The primary contribution of the present research is to explicitly take into consideration the role that the current outbreak of coronavirus diseases proxied by the COVID-19 index plays when studying the asymmetric impact that oil prices have on the South Korean won (KRW)/US dollar (USD) exchange rat...
Autor principal: | |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Economic Society of Australia, Queensland. Published by Elsevier B.V.
2022
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Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8942443/ https://www.ncbi.nlm.nih.gov/pubmed/35345501 http://dx.doi.org/10.1016/j.eap.2022.03.015 |
Sumario: | The primary contribution of the present research is to explicitly take into consideration the role that the current outbreak of coronavirus diseases proxied by the COVID-19 index plays when studying the asymmetric impact that oil prices have on the South Korean won (KRW)/US dollar (USD) exchange rate. We discover that the COVID-19 pandemic seems to have been a significant factor in affecting the asymmetric impact of oil prices on the KRW/USD rate in both the short and long run. |
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