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Effect of rare disaster risks on crude oil: evidence from El Niño from over 145 years of data |
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| Authors: | Demirer Riza Gupta Rangan Nel Jacobus Pierdzioch Christian |
| Institution: | 1.Department of Economics and Finance, Southern Illinois University Edwardsville, Edwardsville, IL, 62026-1102, USA ;2.Department of Economics, University of Pretoria, Pretoria, 0002, South Africa ;3.Department of Economics, Helmut Schmidt University, Holstenhofweg 85, P.O.B. 700822, 22008, Hamburg, Germany ; |
| Abstract: | Theoretical and Applied Climatology - We extend the literature on the effect of rare disaster risks on commodities by examining the effect of the El Niño-Southern Oscillation (ENSO) on crude... |
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