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Financial Integration and Comovements Between Capital Markets and Oil Markets: An Approach During the Russian Invasion of Ukraine in 2022

Financial Integration and Comovements Between Capital Markets and Oil Markets: An Approach During the Russian Invasion of Ukraine in 2022

Nuno Teixeira, Rui Teixeira Dias, Pedro Pardal, Nicole Rebolo Horta
Copyright: © 2023 |Pages: 22
ISBN13: 9781668456668|ISBN10: 1668456664|EISBN13: 9781668456675
DOI: 10.4018/978-1-6684-5666-8.ch013
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MLA

Teixeira, Nuno, et al. "Financial Integration and Comovements Between Capital Markets and Oil Markets: An Approach During the Russian Invasion of Ukraine in 2022." Handbook of Research on Acceleration Programs for SMEs, edited by Inês Lisboa, et al., IGI Global, 2023, pp. 240-261. https://doi.org/10.4018/978-1-6684-5666-8.ch013

APA

Teixeira, N., Dias, R. T., Pardal, P., & Horta, N. R. (2023). Financial Integration and Comovements Between Capital Markets and Oil Markets: An Approach During the Russian Invasion of Ukraine in 2022. In I. Lisboa, N. Teixeira, L. Segura, T. Krulický, & V. Machová (Eds.), Handbook of Research on Acceleration Programs for SMEs (pp. 240-261). IGI Global. https://doi.org/10.4018/978-1-6684-5666-8.ch013

Chicago

Teixeira, Nuno, et al. "Financial Integration and Comovements Between Capital Markets and Oil Markets: An Approach During the Russian Invasion of Ukraine in 2022." In Handbook of Research on Acceleration Programs for SMEs, edited by Inês Lisboa, et al., 240-261. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-5666-8.ch013

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Abstract

This chapter aims to test the financial integration and movements in the capital markets of Germany (DAX), USA (Dow Jones), France (CAC 40), UK (FTSE 100), Italy (FTSE MIB), Russia (MOEX), Japan (NIKKEI 225), and Canada (S&P TSX), China (SHANGHAI and SHENZHEN); as well as the oil markets of the US (AMERICAS-DS OIL), Asia (ASIA-DS OIL), Canada (CANADA-DS OIL), the Emirates (EMU-DS OIL), China (CHINA-DS OIL), Nigeria (NIGERIA-DS OIL), and the United Kingdom (UK-DS OIL) over the period January 1, 2020 to May 6, 2022. The results suggest that long-term relationships between capital markets and oil markets do not help explain short-term moves. The authors consider the results achieved to be of interest to investors seeking opportunities in these financial markets, and also to policymakers to undertake institutional reforms to increase market efficiency and promote sustainable growth in financial markets.

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