COVID-19 and currency dependences: Empirical evidence from BRICS

Yingying Xu; Donald Lien

doi:10.1016/j.frl.2021.102119

COVID-19 and currency dependences: Empirical evidence from BRICS

Yingying Xu
, Donald Lien^*

^*此作品的通讯作者

University of Science and Technology Beijing
University of Texas at San Antonio

科研成果: 期刊稿件 › 文章 › 同行评审

30 引用（Scopus）

摘要

The COVID-19 has caused dramatic fluctuations in international financial markets. This paper tests the effect of this pandemic on foreign exchange dependences within the BRICS economies. Upon dividing the COVID-19 episode into four stages, we document negative effects of the COVID-19 on dependences between CNY and other currencies in the BRICS across different stages. In addition, USD flows positively affect the dependencies of BRL-CNY, INR-CNY, and RUB-CNY pairs in response to the transition of the pandemic stages.

源语言	英语
文章编号	102119
期刊	Finance Research Letters
卷	45
DOI	https://doi.org/10.1016/j.frl.2021.102119
出版状态	已出版 - 3月 2022
已对外发布	是

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abstract = "The COVID-19 has caused dramatic fluctuations in international financial markets. This paper tests the effect of this pandemic on foreign exchange dependences within the BRICS economies. Upon dividing the COVID-19 episode into four stages, we document negative effects of the COVID-19 on dependences between CNY and other currencies in the BRICS across different stages. In addition, USD flows positively affect the dependencies of BRL-CNY, INR-CNY, and RUB-CNY pairs in response to the transition of the pandemic stages.",

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COVID-19 and currency dependences: Empirical evidence from BRICS

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