The COVID-19 Crisis and Interaction between the JSE, Real Estate, Energy, Commodity and Cryptocurrency Markets

Damilola Aboluwodi, Bomi Nomlala and Paul-Francois Muzindutsi ()
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Paul-Francois Muzindutsi: University of KwaZulu-Natal

Journal of Economics and Financial Analysis, 2022, vol. 6, issue 1, 55-76

Abstract: This paper examines the long-run interactions between South African stock (JSE) and real estate markets, with global asset markets such as oil, gold, platinum, and cryptocurrency markets during pre-Covid-19 tranquil period and during Covid-19 pandemic period comparatively using cointegration, causality and structural break tests. Findings of the paper shed light on the fact that cointegrations relationships between Bitcoin - JSE, Oil - JSE, and Real Estate – JSE were significant during pre-Covid period, while these significances weakened or disappeared during Covid period. On the other hand, cointegration relations show up between Oil – Platinum market and Gold – Real Estate market. It implies that JSE became volatile during Covid period comparing to Oil, Platinum, Gold markets in South Africa.

Keywords: COVID-19 Crisis; South African Markets; Commodities; Cryptocurrency; Cointegration. (search for similar items in EconPapers)
JEL-codes: C12 C5 G1 G15 G32 R3 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:trp:01jefa:jefa0055

DOI: 10.1991/jefa.v6i1.a51

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