This study aims to examine whether life insurance futures can serve as a hedge against the COVID-19 pandemic and whether they have the characteristics of a safe haven under the impact of the health shocks of the COVID-19 pandemic. We chose three life insurance stock futures in India and one in...

This paper examines the effect of financial constraints as a transmission channel of cross-sectoral spillover of systemic risk in China using the impulse response separation technique and Diebold & Yilmaz’s (2014) spillover matrix under the STVAR modeling framework. The results show that...

This paper uses the panel data of 15 countries from 2009 to 2020 to construct the time-varying parameter panel vector error correction model for testing the hypothesis of dynamic hedging characteristics of gold on exchange rate. As the existing literature has never considered that the foreign...