Oil Price Shocks and Stock Markets in BRICs
This paper examines the impact of oil prices on real stock returns for Brazil, China, India and Russia over 1999:1-2009:9 using VAR models. The results suggest that whereas real stock returns positively respond to some of the oil price indicators with statistical significance for China, India and Ru...
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| Format: | Article |
| Language: | English |
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Università Carlo Cattaneo LIUC
2011-06-01
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| Series: | The European Journal of Comparative Economics |
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| Online Access: | http://eaces.liuc.it/18242979201101/182429792011080102.pdf |