Ali, Mohsin and Anwar, Urooj and Haseeb, Muhammad (2021) The impact of COVID-19 on Islamic and conventional stocks in Indonesia: A wavelet-based study. Buletin Ekonomi Moneter dan Perbankan, 24. pp. 15-32. ISSN 1410-8046, DOI https://doi.org/10.21098/bemp.v24i0.1480.
Full text not available from this repository.Abstract
The recent literature shows that COVID-19 has impacted stock markets around the world in many ways. In this paper, we examine the reaction of the Indonesian stock market to COVID-19. We apply the continuous wavelet coherence methodology to daily COVID-19 related deaths and daily conventional and Islamic stock indices in Indonesia. We find that COVID-19 negatively impacts the returns of both indices and enhances their volatility. We find the Islamic stock index to be more volatile as compared to its conventional counterpart during the COVID-19 outbreak. © 2021 Corporacion Colombiana de Investigacion Agropecuaria Corpoica. All rights reserved.
| Item Type: | Article |
|---|---|
| Funders: | UNSPECIFIED |
| Uncontrolled Keywords: | COVID-19;Stocks;Indonesia |
| Subjects: | H Social Sciences > HF Commerce H Social Sciences > HG Finance |
| Depositing User: | Ms Zaharah Ramly |
| Date Deposited: | 01 Nov 2022 04:21 |
| Last Modified: | 01 Nov 2022 04:21 |
| URI: | http://eprints.um.edu.my/id/eprint/35971 |
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