IDEAS home Printed from https://ideas.repec.org/a/ids/ijaape/v21y2025i1-2p65-81.html
   My bibliography  Save this article

Interdependence between the Moroccan and international stock markets before and during the Covid-19 crisis

Author

Listed:
  • Lhoucine Ben hssain;
  • Jamal Agouram
  • Ghizlane Lakhnati

Abstract

This paper examines the degree of interdependence between Moroccan and international stock markets (USA, Germany, and China). To test time-varying correlations, we used the dynamic conditional correlation model (DCC-GARCH). In addition, we used daily returns from stock market indices from January 2019 to January 2021, before and after the emergence of Covid-19. The study results indicate that the conditional correlations between Morocco and the selected markets are time-varying, with the existence of strong and weak correlations phases. We also noted that the Covid-19 crisis had an impact on the increased interdependence of the Moroccan stock market, with the US and German stock markets.

Suggested Citation

  • Lhoucine Ben hssain; & Jamal Agouram & Ghizlane Lakhnati, 2025. "Interdependence between the Moroccan and international stock markets before and during the Covid-19 crisis," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 21(1/2), pages 65-81.
    • Handle: RePEc:ids:ijaape:v:21:y:2025:i:1/2:p:65-81
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=144890
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:ids:ijaape:v:21:y:2025:i:1/2:p:65-81. 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=41 .

    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.