Do oil sanctions affect the interdependence and integration of financial markets?
Iran's financial markets
Oil sanctions
Wavelet analysis
Journal
Heliyon
ISSN: 2405-8440
Titre abrégé: Heliyon
Pays: England
ID NLM: 101672560
Informations de publication
Date de publication:
Feb 2023
Feb 2023
Historique:
received:
25
10
2022
revised:
10
02
2023
accepted:
10
02
2023
entrez:
28
2
2023
pubmed:
1
3
2023
medline:
1
3
2023
Statut:
epublish
Résumé
In recent years, the United States has increasingly used sanctions to control countries and promote its foreign policy objectives. Iran is one of the countries that has been the target of US economic sanctions for the past five decades. The purpose of the study is to investigate the impact of the sanctions on the interdependence and integration of Iranian financial markets from July 2013-May 2021 using the wavelet approach. The results show that the highest degree of correlation is related to exchange rate and gold price. Moreover, the interdependence and integration of financial markets increases in the long run. The highest impact on interdependence of financial markets in the short run and medium run is related to exchange rate and gold price. Finally, the integration of financial markets have increased since 2016.
Identifiants
pubmed: 36852032
doi: 10.1016/j.heliyon.2023.e13793
pii: S2405-8440(23)01000-9
pmc: PMC9957833
doi:
Types de publication
Journal Article
Langues
eng
Pagination
e13793Informations de copyright
© 2023 The Authors.
Déclaration de conflit d'intérêts
The authors declare no competing interests.
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