This study examines the dynamics of the Russian currency against the US dollar, exploring its responses to geopolitical risk, domestic policies, and oil and gas price shocks. Based on our quantile and time-frequency analyses from January 1998 to July 2022, focused on a subsample that covers the Russia-Ukraine conflict (January–July 2022), our research reveals that the Russian currency has significant vulnerability to geopolitical risk. Domestic policies have a moderate impact on currency valuation, whereas oil prices play a pivotal role, exceeding the impact of domestic policies. Our findings offer strategic insights for hedging, identifying safe-haven assets, and diversification strategies based on Russian-foreign currency dynamics, oil, and gas prices. These considerations are especially relevant amid geopolitical tensions and uncertainty, across various time periods and quantile levels. © 2024 Borsa İstanbul Anonim Şirketi.
Язык оригиналаАнглийский
Страницы (с-по)406-423
Число страниц18
ЖурналBorsa Istanbul Review
Номер выпуска2
СостояниеОпубликовано - 2024

    Предметные области WoS

  • Бизнес, Финансы
  • Экономика

    Предметные области ASJC Scopus

  • Finance
  • Economics and Econometrics

ID: 54325469