Araştırma Makalesi

The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test

Sayı: 117 27 Nisan 2022
Onur Oğuz , Özge Korkmaz *
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The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test

Öz

The Coronavirus is one of the most influential infectious diseases of the 21st century. This study investigates the Hatemi-J asymmetric causality relationship between stock market returns and gold market returns for five of the most affected countries between January 02, 2020 and December 31, 2020. The results show that because of the demand for liquidity, the atmosphere of panic, and the perception of gold as a safe haven, the causal relationship is not strong for each country.

Anahtar Kelimeler

Covid-19, Stock Exchange Markets

Kaynakça

  1. Al-Awadhi, A. M., Al-Saifi, K., Al-Awadhi, A., & Alhamadi, S. (2020). Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns. Journal of Behavioral and Experimental Finance, 100326.
  2. Albulescu, C. (2020). Coronavirus and financial volatility: 40 days of fasting and fear. arXiv preprint arXiv:2003.04005., Accessed 02 April 2020.
  3. Ali, M., Alam, N., & Rizvi, S. A. R. (2020). Coronavirus (COVID-19) – An epidemic or pandemic for financial markets. Journal of Behavioral and Experimental Finance, 100341. doi:10.1016/j.jbef.2020.100341

Ayrıntılar

Birincil Dil

İngilizce

Konular

Finans

Bölüm

Araştırma Makalesi

Yazarlar

Yayımlanma Tarihi

27 Nisan 2022

Gönderilme Tarihi

19 Aralık 2021

Kabul Tarihi

27 Nisan 2022

Yayımlandığı Sayı

Yıl 2022 Sayı: 117

DOI

https://doi.org/10.33203/mfy.1038564

IZ

https://izlik.org/JA27FP37SM

Kaynak Göster

RIS / Bibtex
APA
Oğuz, O., & Korkmaz, Ö. (2022). The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test. Maliye ve Finans Yazıları, 117, 77-100. https://doi.org/10.33203/mfy.1038564
AMA
1.Oğuz O, Korkmaz Ö. The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test. Maliye ve Finans Yazıları. 2022;(117):77-100. doi:10.33203/mfy.1038564
Chicago
Oğuz, Onur, ve Özge Korkmaz. 2022. “The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test”. Maliye ve Finans Yazıları, sy 117: 77-100. https://doi.org/10.33203/mfy.1038564.
EndNote
Oğuz O, Korkmaz Ö (01 Nisan 2022) The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test. Maliye ve Finans Yazıları 117 77–100.
IEEE
[1]O. Oğuz ve Ö. Korkmaz, “The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test”, Maliye ve Finans Yazıları, sy 117, ss. 77–100, Nis. 2022, doi: 10.33203/mfy.1038564.
ISNAD
Oğuz, Onur - Korkmaz, Özge. “The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test”. Maliye ve Finans Yazıları. 117 (01 Nisan 2022): 77-100. https://doi.org/10.33203/mfy.1038564.
JAMA
1.Oğuz O, Korkmaz Ö. The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test. Maliye ve Finans Yazıları. 2022;:77–100.
MLA
Oğuz, Onur, ve Özge Korkmaz. “The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test”. Maliye ve Finans Yazıları, sy 117, Nisan 2022, ss. 77-100, doi:10.33203/mfy.1038564.
Vancouver
1.Onur Oğuz, Özge Korkmaz. The Relationship Between Stock Market Index Returns and Gold Returns during the First Year of the Coronavirus Pandemic: An Asymmetric Causality Test. Maliye ve Finans Yazıları. 01 Nisan 2022;(117):77-100. doi:10.33203/mfy.1038564

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