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

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, causal...

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Bibliographic Details
Published inJournal of economics and financial analysis (Online) Vol. 6; no. 1; pp. 55 - 76
Main Authors Damilola ABOLUWODI, Bomi NOMLALA, Paul-Francois MUZINDUTSI
Format Journal Article
LanguageEnglish
Published Tripal Publishing House 01.08.2022
Subjects
cointegration
commodities
covid-19 crisis
cryptocurrency
south african markets
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Summary: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.
ISSN:2521-6627
2521-6619
DOI:10.1991/jefa.v6i1.a51