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...

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Detalles Bibliográficos
Autor principal: Baek, Jungho
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Economic Society of Australia, Queensland. Published by Elsevier B.V. 2022
Materias:
Modelling Economic Policy Issues
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
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author Baek, Jungho
author_facet Baek, Jungho
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description 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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spelling pubmed-89424432022-03-24 Does COVID-19 play any role in the asymmetric relationship between oil prices and exchange rates? Evidence from South Korea Baek, Jungho Econ Anal Policy Modelling Economic Policy Issues 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. Economic Society of Australia, Queensland. Published by Elsevier B.V. 2022-06 2022-03-23 /pmc/articles/PMC8942443/ /pubmed/35345501 http://dx.doi.org/10.1016/j.eap.2022.03.015 Text en © 2022 Economic Society of Australia, Queensland. Published by Elsevier B.V. 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 Modelling Economic Policy Issues
Baek, Jungho
Does COVID-19 play any role in the asymmetric relationship between oil prices and exchange rates? Evidence from South Korea
title Does COVID-19 play any role in the asymmetric relationship between oil prices and exchange rates? Evidence from South Korea
title_full Does COVID-19 play any role in the asymmetric relationship between oil prices and exchange rates? Evidence from South Korea
title_fullStr Does COVID-19 play any role in the asymmetric relationship between oil prices and exchange rates? Evidence from South Korea
title_full_unstemmed Does COVID-19 play any role in the asymmetric relationship between oil prices and exchange rates? Evidence from South Korea
title_short Does COVID-19 play any role in the asymmetric relationship between oil prices and exchange rates? Evidence from South Korea
title_sort does covid-19 play any role in the asymmetric relationship between oil prices and exchange rates? evidence from south korea
topic Modelling Economic Policy Issues
url 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
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