Dynamic linkages between global commodity prices and stock markets in times of crisis: Evidence from a DCC-GARCH framework

Puntos clave

• Commodity prices and stock markets are tightly interconnected during crisis events, demonstrating significant volatility linkages.
• The analysis utilized a DCC-GARCH framework to examine the dynamic relationships among these financial elements over time.
• Findings indicate that fluctuations in commodity prices heavily influence stock market behaviors, particularly during turbulent economic periods.
• The results underscore the importance of understanding these dynamics for developing effective risk management in financial markets.