The impact of global risk aversion and domestic macroeconomic factors on the dynamic conditional correlations of South African financial markets

This paper considers the impact of global risk aversion and domestic macroeconomic factors on the dynamic conditional correlations between the South African stock, bond, and foreign exchange markets. Our first stage findings using the DCC-GARCH model show that correlations between the selected marke...

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Bibliographic Details
Main Authors: Kelleb Mloyi, Edson Vengesai
Format: Article
Language:English
Published: Taylor & Francis Group 2024-12-01
Series:Cogent Economics & Finance
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/23322039.2024.2431543
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