… in the financial stress should render financial investors … of financial assets; including oil
prices. We then examine whether the increase in financial stress has a larger impact on oil prices …

… the behavior of oil prices across different regimes. First, during a low oil price volatility regime
it is … by global supply and demand for oil drive prices. These fundamental factors initially …

… volatilities: volatilities are clearly higher is Regime 2 than in Regime 1. We suggest to qualify
Regime 1 as low volatility (calm) regime and Regime 2 as high volatility (instability) regime. …

… prices the gold prices are the most informative in the group in the high volatility regime, while
… prices in a two-state economy and examine regime-dependent impulse response functions. …

… It is important to note that the currency regimes of the countries are important in the context of
… It is observed that over the years, in some of these countries, a currency regime rather than …

… regime-switching model to generate regime probabilities for … upper side during the recent
financial crisis. Furthermore, we … oil prices and the short-term interest rate during the financial …

… The aim of this paper is to examine the relationship between the oil prices and the stock …
a regime switching model specification and investigate whether oil price shocks and oil price …

… regime-switching applications in finance. We begin by characterizing the salient features of
regime-… To do this we present estimates of regime-switching models applied to equity returns, …

… spot and futures oil prices is estimated… oil and financial markets, adding credibility to the
hypothesis that the shifts are not statistical artifacts but reflect real economic and financial regime …

… The financing of oil prices and their effects on the economy … of oil price shocks and economic
growth shocks and financial … The results showed that the positive shock on oil prices in …