Exploring the Relationship Between the COVID-19 Pandemic, Crude Oil Prices, and the Stock Market in Saudi Arabia: Insights from Wavelet-Based Analysis

被引：0
|
作者：
Muhmmad, Riyaz [1 ]
Ali, Sajid [2 ]
机构：
[1] Monad Univ, Sch Management & Business Studies, Hapur, India
[2] Al Yamamah Univ, Coll Business, POB 45180, Riyadh, Saudi Arabia
来源：
NAVIGATING THE TECHNOLOGICAL TIDE: THE EVOLUTION AND CHALLENGES OF BUSINESS MODEL INNOVATION, VOL 3, ICBT 2024 | 2024年 / 1082卷
关键词：
COVID-19; Oil prices; Stock market; Lockdown; Wavelet theory; Causality; FINANCIAL CRISIS; CONTAGION;
D O I：
10.1007/978-3-031-67434-1_19
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This investigation delves into the intricate interplay among the propagation of COVID-19, the turbulence in oil prices, and the noteworthy responses to the epidemic within Saudi Arabia. Employing a coherence wavelet analysis of daily datasets specific to Saudi Arabia, the study illuminates the pronounced influence of both COVID-19 and oil price shocks on stock market volatility across short/low-frequency bands. Notably, the impact of COVID-19 on the financial market surpasses that of Saudi oil prices, underlining its classification as a distinct economic crisis. The findings underscore urgent, consequential implications and advocate for pragmatic measures to mitigate the ramifications of COVID-19.
引用
收藏
页码：201 / 209
页数：9
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