Should South Asian Stock Market Investors Think Globally? Investigating Safe Haven Properties and Hedging Effectiveness DOI Creative Commons
Md. Abu Issa Gazi, Md. Nahiduzzaman, Sanjoy K. Sarker

et al.

Economies, Journal Year: 2024, Volume and Issue: 12(11), P. 309 - 309

Published: Nov. 15, 2024

In this study, we examine the critical question of whether global equity and bond assets (both green non-green) offer effective hedging safe haven properties against stock market risks in South Asia, with a focus on Bangladesh, India, Pakistan, Sri Lanka. The increasing integration financial markets volatility experienced during recent economic crises raise important questions regarding resilience Asian potential protective role assets. Drawing methods like VaR CVaR tail risk estimators, DCC-GJR-GARCH time-varying connectedness approach, cost-effectiveness tools for hedging, analyze data spanning from 2014 to 2022 assess these relationships comprehensively. Our findings demonstrate that Bangladesh experience lower levels downside each quantile; however, are Bangladeshi, Indian, Pakistani crisis period. Meanwhile, Lankan neither receives usefulness nor benefits same marketplaces. Additionally, assets, specifically more reliable sources ensure safest investment investors. Finally, portfolio implications suggest while traditional ideal weights investors, cheapest hedgers particularly Pakistani, markets. Moreover, results hold significant investors seeking optimize portfolios manage risk, as well policymakers aiming strengthen regional resilience. By clarifying capacities ones, our study contributes nuanced understanding diversification stability strategies within emerging Asia.

Language: Английский

Creditable bonds’ multifunctional roles during the COVID-19 pandemic DOI
Qiyu Wang,

Junhong Yang,

Terence Tai‐Leung Chong

et al.

The North American Journal of Economics and Finance, Journal Year: 2024, Volume and Issue: unknown, P. 102348 - 102348

Published: Dec. 1, 2024

Language: Английский

Citations

0
Should South Asian Stock Market Investors Think Globally? Investigating Safe Haven Properties and Hedging Effectiveness DOI Creative Commons
Md. Abu Issa Gazi, Md. Nahiduzzaman, Sanjoy K. Sarker

et al.

Economies, Journal Year: 2024, Volume and Issue: 12(11), P. 309 - 309

Published: Nov. 15, 2024

In this study, we examine the critical question of whether global equity and bond assets (both green non-green) offer effective hedging safe haven properties against stock market risks in South Asia, with a focus on Bangladesh, India, Pakistan, Sri Lanka. The increasing integration financial markets volatility experienced during recent economic crises raise important questions regarding resilience Asian potential protective role assets. Drawing methods like VaR CVaR tail risk estimators, DCC-GJR-GARCH time-varying connectedness approach, cost-effectiveness tools for hedging, analyze data spanning from 2014 to 2022 assess these relationships comprehensively. Our findings demonstrate that Bangladesh experience lower levels downside each quantile; however, are Bangladeshi, Indian, Pakistani crisis period. Meanwhile, Lankan neither receives usefulness nor benefits same marketplaces. Additionally, assets, specifically more reliable sources ensure safest investment investors. Finally, portfolio implications suggest while traditional ideal weights investors, cheapest hedgers particularly Pakistani, markets. Moreover, results hold significant investors seeking optimize portfolios manage risk, as well policymakers aiming strengthen regional resilience. By clarifying capacities ones, our study contributes nuanced understanding diversification stability strategies within emerging Asia.

Language: Английский

Citations

0