气候变化领域集成服务门户(CCPortal): Could the Russia-Ukraine war stir up the persistent memory of interconnectivity among Islamic equity markets, energy commodities, and environmental factors?

CCPortal

DOI	10.1016/j.ribaf.2024.102260
	Could the Russia-Ukraine war stir up the persistent memory of interconnectivity among Islamic equity markets, energy commodities, and environmental factors?
	Asl, Mahdi Ghaemi; Ben Jabeur, Sami
发表日期	2024
ISSN	0275-5319
EISSN	1878-3384
起始页码	69
卷号	69
英文摘要	The intricate network of global interconnections and interdependencies unveils the profound implications of conflicts on a global scale, affecting financial, energy, and environmental systems. Thorough analysis of these far-reaching consequences can provide valuable insights for decisionmakers, enabling them to effectively manage risks within the highly interconnected global context. This research examines the influence of the Russo-Ukrainian conflict, spanning from February 24th, 2022 to March 16th, 2023, on persistent memory of TVP-VAR-based connectedness among developed, emerging, and frontier equity markets, energy commodities, and environmental factors using a long short-term memory (LSTM) network. Persistent memory, in the context of an LSTM approach, pertains to the capacity of the model to retain and propagate information from prior time steps throughout the network over a prolonged duration. Our results indicate that the connection of developed stocks to oil and carbon markets is reduced after the war, whereas the opposite response is observed for emerging ones, except for the Shariah emerging-carbon market pair. Additionally, frontier stocks limit their synthesis to the carbon market, but increase it for the oil market. The current study shows that all conventional and budding stocks maintain a better persistent memory of their connection to oil markets during the chaotic period, but only Shariah markets promote their connectivity with the carbon market since they are more closely aligned with environmental standards due to their exclusion criteria. The findings can be helpful for investors and regulators fin order to have a deeper understanding of market linkages and designing green policies.
英文关键词	Connectedness; Persistent memory; Stock market; Oil market; Carbon emissions price
语种	英语
WOS研究方向	Business & Economics
WOS类目	Business, Finance
WOS记录号	WOS:001186816400001
来源期刊	RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/299504
作者单位	Kharazmi University
推荐引用方式 GB/T 7714	Asl, Mahdi Ghaemi,Ben Jabeur, Sami. Could the Russia-Ukraine war stir up the persistent memory of interconnectivity among Islamic equity markets, energy commodities, and environmental factors?[J],2024,69.
APA	Asl, Mahdi Ghaemi,&Ben Jabeur, Sami.(2024).Could the Russia-Ukraine war stir up the persistent memory of interconnectivity among Islamic equity markets, energy commodities, and environmental factors?.RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE,69.
MLA	Asl, Mahdi Ghaemi,et al."Could the Russia-Ukraine war stir up the persistent memory of interconnectivity among Islamic equity markets, energy commodities, and environmental factors?".RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE 69(2024).