Dynamic connectedness among regional FinTech indices in times of turbulences

Muneer Alshater (), Onur Polat, Rim El Khoury and Seong-Min Yoon

Applied Economics Letters, 2024, vol. 31, issue 7, 670-675

Abstract: This study examines the connectedness among several regional FinTech indices and analyses the impact of Russia’s invasion of Ukraine on the dynamic spillovers. We employ the time-varying parameter vector autoregression and time-frequency connectedness network approach using data spanning from 2 September 2021 until 4 April 2022. We find that the returns and volatility spillovers among FinTech indices burst with the outbreak of the invasion. During this invasion, Asia-Pacific and Japan FinTech appeared to be the largest recipients of the spillovers. In contrast, Europe and North America FinTech appeared to be the largest transmitters of spillovers. The short-term effect among regional FinTech indices is stronger than the long-term relationship.

Date: 2024
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DOI: 10.1080/13504851.2022.2141443

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