Does COVID-19 play any role in the asymmetric relationship between oil prices and exchange rates? Evidence from South Korea

Jungho Baek

Economic Analysis and Policy, 2022, vol. 74, issue C, 553-559

Abstract: The primary contribution of the present research is to explicitly take into consideration the role that the current outbreak of coronavirus diseases proxied by the COVID-19 index plays when studying the asymmetric impact that oil prices have on the South Korean won (KRW)/US dollar (USD) exchange rate. We discover that the COVID-19 pandemic seems to have been a significant factor in affecting the asymmetric impact of oil prices on the KRW/USD rate in both the short and long run.

Keywords: Asymmetry; COVID-19; KRW; Oil prices; South Korea (search for similar items in EconPapers)
JEL-codes: C32 F31 Q43 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:74:y:2022:i:c:p:553-559

DOI: 10.1016/j.eap.2022.03.015

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