Degiannakis, Stavros; Filis, George; Floros, Christos - In: Journal of International Financial Markets, … 26 (2013) C, pp. 175-191
shocks result in low to moderate positive correlation levels, the precautionary demand oil price shocks lead to almost zero … correlation levels, whereas the aggregate demand oil price shocks generate significant changes in the correlation levels (either … between sector indices and oil prices change over time and they are industry specific. In addition, the supply-side oil price …