Economies, Год журнала: 2024, Номер 12(11), С. 309 - 309

Опубликована: Ноя. 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.

Язык: Английский