Economics, Econometrics and Finance
4 years ago

BRICS Stock Markets React Differently to Oil Shocks, Impacting Global Economy.

RePEc: Research Papers in Economics
Oil Shocks and Stock Market Volatility of the BRICS: A GARCH-MIDAS Approach
Afees A. Salisu, Rangan Gupta

Paper Summary

The study looked at how oil shocks affect stock market volatility in BRICS countries. They used a model to analyze different types of oil shocks and found that each BRICS country responds differently to these shocks. This variation is due to factors like economic size, oil production, market share, and financial system efficiency.

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