IDEAS home Printed from https://ideas.repec.org/a/hin/jnddns/2587000.html
   My bibliography  Save this article

Safe Haven Ability of Energy and Agricultural Commodities Against G7 Stock Markets and Banking Indices During COVID-19, Russia–Ukraine War, and SVB Collapse: Evidence From the Wavelet Coherence Approach

Author

Listed:
  • Yasmine Snene Manzli
  • Hind Alnafisah
  • Ahmed Jeribi
  • Ling-Yun He

Abstract

This article assesses the hedging and safe haven properties of energy and agricultural commodities (crude oil, natural gas, and wheat) against the G7 stock market indices and banking sector stock indices during the COVID-19 pandemic, the Russia–Ukraine military conflict, and the Silicon Valley Bank (SVB) collapse. Using wavelet coherence analysis, our results showed dynamic correlations in which commodities shifted from diversifiers to strong safe havens during periods of turmoil. Particularly, WTI became a safe haven during the SVB collapse, natural gas acted primarily as a safe haven during the pandemic, and wheat evolved into a robust safe haven during crises. Moreover, our results with the G7 banking sector stock indices underscore the safe haven ability of commodities against these financial assets, furnishing valuable insights for investors during unstable financial situations.

Suggested Citation

  • Yasmine Snene Manzli & Hind Alnafisah & Ahmed Jeribi & Ling-Yun He, 2024. "Safe Haven Ability of Energy and Agricultural Commodities Against G7 Stock Markets and Banking Indices During COVID-19, Russia–Ukraine War, and SVB Collapse: Evidence From the Wavelet Coherence Appr," Discrete Dynamics in Nature and Society, Hindawi, vol. 2024, pages 1-22, December.
  • Handle: RePEc:hin:jnddns:2587000
    DOI: 10.1155/ddns/2587000
    as

    Download full text from publisher

    File URL: http://downloads.hindawi.com/journals/ddns/2024/2587000.pdf
    Download Restriction: no

    File URL: http://downloads.hindawi.com/journals/ddns/2024/2587000.xml
    Download Restriction: no

    File URL: https://libkey.io/10.1155/ddns/2587000?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hin:jnddns:2587000. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mohamed Abdelhakeem (email available below). General contact details of provider: https://www.hindawi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.