We show 90 equity-commodity market correlations around the world have fluctuated about their respective broken trends since the early 1990s. Each of past eight major financial crises has precipitated breaks in the levels/slopes of some correlation trends, and each correlation trend has been...

The existing studies have offered evidence that the widespread of COVID-19 is associated with an increase in global foreign exchange volatility. Can vaccination efforts help to mitigate these adverse effects? Our paper turns to this new question by investigating the impact of vaccinations on the...

We examine empirically whether and how non-tariff measures (NTMs) affect the formation of free trade agreements (FTAs). Using data from 114 countries over the period 1986-2019 and applying an augmented gravity model, we show that some of the investigated NTMs encourage, some discourage, and some...

Addressing the view that recent hikes in the commodity-equity correlation will only be temporary, this paper differentiates itself from previous studies in two aspects: It examines the long-run trends and the short-run fluctuations of the commodity-equity correlation, and it does so to indices...