Connectedness between geopolitical risk, financial instability indices and precious metals markets: Novel findings from Russia Ukraine conflict perspective

Shahzad, Umer; Mohammed, Kamel Si; Tiwari, Sunil; Nakonieczny, Joanna; Nesterowicz, Renata

doi:10.1016/j.resourpol.2022.103190

Cited by 99 publications

(17 citation statements)

References 77 publications

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“…This has further necessitated the examination of energy prices both in the pre- and post-pandemic phases ( Cui et al, 2023 ). Similar concerns have also followed the onset of the Russia-Ukraine turmoil which too has added to the uncertainty concerning global energy market returns uncertain ( Huang et al, 2023 ; Chen et al, 2023 ; Shahzad et al, 2023 ).…”

Section: Introductionmentioning

confidence: 90%

Forecasting oil, coal, and natural gas prices in the pre-and post-COVID scenarios: Contextual evidence from India using time series forecasting tools

et al. 2023

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Section: Introductionmentioning

confidence: 90%

Forecasting oil, coal, and natural gas prices in the pre-and post-COVID scenarios: Contextual evidence from India using time series forecasting tools

et al. 2023

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“…Handavani and Purba (2022) examined the impact of the Russia-Ukraine war on macroeconomic conditions in Indonesia, revealing that the war is a disaster for the world, resulting in lower global and Indonesian economic growth, and has negatively impacted global oil prices, inflation, and commodity price. Shahzad et al (2023) analyzed the dynamic interaction generated by economic volatility and geo-political risk on the traditional non-renewable energy and precious metal markets. Results revealed higher total connectedness during the Russia-Ukraine war.…”

Section: Literature Review Theoretical and Conceptual Backgroundmentioning

confidence: 99%

Does the Russia-Ukraine war affects trade relations and foreign Direct investment flows from Europe into Asia and Africa?

Benson

2023

IJRBS

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This study used secondary data from World Development Indicators to examine the implication of the Russia-Ukraine war on Trade relations and Foreign Direct Investment flows into other parts of the world. Data from 85 countries between 2012 and 2021 were analyzed using the generalized method of moments (GMM) technique. Findings revealed that the coefficients of export goods, international trade represented by external trade, food exports and fuel exports had positive and significant results from both panels and all the sub-regions, except for Europe, which revealed a mixed result. Conversely, results from food imports, military expenditure, fuel imports and fossil energy consumption revealed negative but significant results, except food imports in Europe showed an insignificant result. Conclusively, the findings of this study revealed that the current war has increased military expenditure, which has caused a significant setback to FDI and trade relations. This has undermined both bilateral and multilateral trade relations and cut off supply chains, markets, and value chains that have long existed before the crisis amongst countries across the globe. Therefore, world leaders should do everything possible to restore peace between these two countries because it will do the world better than their selfish desires. In addition, if the war degenerates more than this, it would not only be injurious to the global market, trade routes, economy and FDI but can lead the world to another world war. Conclusively, this study will help world countries, governments, leaders, policymakers, investors, and companies in various decision-making endeavors, including war-related decisions. World leaders with management crisis skills who can unite nations should help mediate the conflict between Russia and Ukraine to restore peace. However, further studies are still required on this ongoing war for scholarly guidance as there are still limited empirical studies in the world literature regarding this crisis.

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“…According to Zhu and Deng's (2020) argument, since the COVID-19 epidemic, researchers have been paying close attention to how people's views toward risk aversion tend to change. Risk aversion is people's propensity to favour events with low ambiguity over those with high uncertainty (Rabin, 2000;Shahzad et al, 2023). As a result, it becomes clear that COVID-19 and people's perceptions of danger are positively correlated (Zeng et al, 2017).…”

Section: Risk Aversion Attitudementioning

confidence: 99%

Impact of negative emotions on financial behavior: An assessment through general strain theory

Khan

Metzker

Štreimikis

et al. 2023

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Research background: The research has two objectives and employs a serial mediation approach. First, using the general strain theory, it examines the mediating role of negative feelings and impact of economic adversity on people's risk tolerance and prudent financial behavior. The second is determining the various categories' variations according to age. Purpose of the article: The study's main objective is to evaluate financial behaviour of people with lower and medium incomes after the second wave of COVID-19 in India, and to contribute to the body of knowledge on general strain theory. Methods: The study examined the proposed framework and tested the serial mediation model based on the general strain theory used as a survey method for data collection, targeting lower and middle-income individuals in India's most populated state. The study applied PLS-SEM to test the framed hypotheses. Furthermore, the Kruskal Wallis test was applied to identify the difference in the various groups classified based on age. Findings & value added: The results reveal that economic hardship significantly influences improved financial behavior. Risk aversion attitude, loneliness, and depression mediate the relationship between economic hardship and financial behavior. Moreover, the study found quite a few significant differences between the different age groups. The present study will add to the existing literature on financial behavior under the scope of general strain theory and probably be among the few that test general strain theory with financial variables impact on lower and middle-income group individuals from a developing nation in post-COVID-19 period.

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Connectedness between geopolitical risk, financial instability indices and precious metals markets: Novel findings from Russia Ukraine conflict perspective

Cited by 99 publications

References 77 publications

Forecasting oil, coal, and natural gas prices in the pre-and post-COVID scenarios: Contextual evidence from India using time series forecasting tools

Forecasting oil, coal, and natural gas prices in the pre-and post-COVID scenarios: Contextual evidence from India using time series forecasting tools

Does the Russia-Ukraine war affects trade relations and foreign Direct investment flows from Europe into Asia and Africa?

Impact of negative emotions on financial behavior: An assessment through general strain theory

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