Browsing by Author Ruslan Nagayev

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  • In_search_of_safe_haven_assets_during_Covid-19 pandemic_Kinan.pdf.jpg
  • Journal Article


  • Authors: Mustafa Disli; Ruslan Nagayev; Kinan Salim; Siti K. Rizkiah; Ahmet F. Aysan (2021)

  • This study assesses the role of gold, crude oil and cryptocurrency as a safe haven for traditional, sustainable, and Islamic investors during the Covid-19 pandemic crisis. Using Wavelet coherence analysis and spillover index methodologies in bivariate and multivariate settings, this study examines the correlation of these assets for different investment horizons. The findings suggest that gold, oil and Bitcoin exhibited low coherency with each stock index across almost all considered investment horizons until the onset of the Covid-19. Conversely, with the outbreak of the pandemic, the return spillover is more intense across financial assets, and a significant pairwise return connecte...

  • IFHubEd5_on_the_dynamic_links_between_commodities_and_Islamic_equities_Ruslan_Mustafa_Koen_Adam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ruslan Nagayev; Mustafa Disli; Koen Inghelbrecht; Adam Ng Boon Ka (2017)

  • Have commodities and equity become a "financialized market of one"? Is such oneness persistent? Do diversification benefits still exist? Evidence behind these enquiries offers important insights for policymakers, governments, traders and investors, and constitutes the main motivation for this paper. To assess the viability of commodities as an alternative asset class for Islamic equity investors, we present evidence on the extent to which returns in commodities and Islamic equity markets move in sync in both time and frequency domains. Our findings reveal that, throughout the January 1999 - April 2015 period, correlations between commodities and Islamic equity were highly volatile and...

Browsing by Author Ruslan Nagayev

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 2 of 2
  • In_search_of_safe_haven_assets_during_Covid-19 pandemic_Kinan.pdf.jpg
  • Journal Article


  • Authors: Mustafa Disli; Ruslan Nagayev; Kinan Salim; Siti K. Rizkiah; Ahmet F. Aysan (2021)

  • This study assesses the role of gold, crude oil and cryptocurrency as a safe haven for traditional, sustainable, and Islamic investors during the Covid-19 pandemic crisis. Using Wavelet coherence analysis and spillover index methodologies in bivariate and multivariate settings, this study examines the correlation of these assets for different investment horizons. The findings suggest that gold, oil and Bitcoin exhibited low coherency with each stock index across almost all considered investment horizons until the onset of the Covid-19. Conversely, with the outbreak of the pandemic, the return spillover is more intense across financial assets, and a significant pairwise return connecte...

  • IFHubEd5_on_the_dynamic_links_between_commodities_and_Islamic_equities_Ruslan_Mustafa_Koen_Adam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ruslan Nagayev; Mustafa Disli; Koen Inghelbrecht; Adam Ng Boon Ka (2017)

  • Have commodities and equity become a "financialized market of one"? Is such oneness persistent? Do diversification benefits still exist? Evidence behind these enquiries offers important insights for policymakers, governments, traders and investors, and constitutes the main motivation for this paper. To assess the viability of commodities as an alternative asset class for Islamic equity investors, we present evidence on the extent to which returns in commodities and Islamic equity markets move in sync in both time and frequency domains. Our findings reveal that, throughout the January 1999 - April 2015 period, correlations between commodities and Islamic equity were highly volatile and...