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LITERATURE REVIEW - Coggle Diagram
LITERATURE REVIEW
2) -
Liao, J., Qian, Q., & Xu, X. (2018). Whether the fluctuation of China’s financial markets have impact on global commodity prices?. Physica A: Statistical Mechanics and its Applications, 503, 1030-1040.
Introduction
Aim
Contribution
Findings
Methodology
Theoretical analysis
ARDL model
SVAR model
Literature
3) -
Tule, M. K., Salisu, A. A., & Chiemeke, C. C. (2019). Can agricultural commodity prices predict Nigeria's inflation?. Journal of Commodity Markets, 16, 100087.
Introduction
These commodities are relevant to modern societies and are linked to the real economy, as they serve as pointers to domestic demand and supply pressures
Aim
To examine whether agricultural commodity prices can help improve the forecast performance of Nigeria’s inflation forecast
Observe inflation from supply side
Contribution
The stability of Nigerian economy is directly linked to price stability given the structure of its economy which is largely consumption-oriented
Inflation plays an important role in encouraging both domestic and foreign investments and for a country with low production base, promoting price stability is even more critical
The ability of financial institutions to raise capital for investment purpose in a regime of high inflation rates may become daunting as lower real interest rates will lower consumers incentives to save
Finding
Methodology
Grains, Rice, Maize, Garri, Potatoes, Soya, Yam
Inflation
Agricultural commodity
Literature
1) -
Chancharoenchai, K., & Dibooglu, S. (2006). Volatility spillovers and contagion during the Asian crisis: evidence from six Southeast Asian stock markets. Emerging Markets Finance and Trade, 42(2), 4-17.
Introduction
Aim
Investigate excess return volatility, volatility spillovers & Contagion effect
Focus on interaction with US stock market as a world financial market
Focus on Japanese market as regional market
Examine the behavior of individual markets and their interaction with other markets in the region
Explores the contagion effects of Asian crisis on Asian regional stock markets; include Japan and global markets
To capture the interactions among the larger markets and emerging markets using GARCH-M model
Examined the dynamics of contagion from Thailand stock market to 5 Asian emerging markets using bivariate GARCH
Findings
All models support the idea of ASIAN CONTAGION which started from Thailand and rapidly spread to other markets
Methodology
Multivariate GARCH-M model
6 Southeast Asian stock markets
Period: 1997 Asian crisis. Jan 1994-Dec 1996
Countries: Thailand, the Philippines, Indonesia, Malaysia, Korea, Taiwan
Extended period: Jan 1994-Dec 1999
Using daily closing price
Variables: Interest rate, Market Capitalization
Literature
Contribution
Crisis threatened the growth of emerging and transition economies
Importance of understanding the pattern of volatility spillovers
Importance of to what extent to which such spillovers might influenced economies and how to mitigate
4) -
Hung, N. T. (2021). Oil prices and agricultural commodity markets: Evidence from pre and during COVID-19 outbreak. Resources policy, 73, 102236.