Evidence map›Paper›PMID 35996599›Full record

ArticleResources policy2022

Impact of the COVID-19 pandemic on return and risk transmission between oil and precious metals: Evidence from DCC-GARCH model.

Durmuş Çağrı Yıldırım, Ömer Esen, Hasan Murat Ertuğrul

Abstract read
In one paragraph

Article in Resources policy, 2022. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.

0numbers the graph read from it
0cells of the map it votes in
4citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

4 citing papers in PubMed.

  1. Article
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4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

3 authors.

Durmuş Çağrı YıldırımTekirdağ Namık Kemal University, Department of Economics, Tekirdağ, Turkey.
Ömer EsenTekirdağ Namık Kemal University, Department of Public Finance, Tekirdağ, Turkey.
Hasan Murat ErtuğrulMinistry of Treasury and Finance, Ankara, Turkey.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

It is frequently discussed in the literature that the correlation between low-correlation assets under ordinary market conditions may increase during crisis periods. To contribute to the ongoing debates, this paper empirically examines risk transmission between oil and precious metal markets induced by the COVID-19 pandemic using the DCC-GARCH model. The findings reveal evidence of a significant risk transmission between oil prices and precious metal prices, particularly during the onset of the COVID-19 pandemic. The findings point out that the negative relationship between oil and all precious metals returns in the pre-COVID-19 period has changed with the effect of the pandemic. In this process, it is revealed that the negative relationship between oil and gold has strengthened, but the negative relationship between oil and silver has weakened. In addition, the correlations between oil and platinum and palladium turn positive. The empirical findings imply that investors and portfolio managers seeking portfolio diversification and hedging opportunities in a high-risk environment such as the COVID-19 pandemic should consider gold and silver assets for investment.

Indexed as

DCC-GARCHOilPrecious metalsThe COVID-19

Identifiers

PMID35996599
PMCPMC9385730

What OpenQuestion holds

Textmetadata
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Registered trials

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.