{"id":"https://openalex.org/W4411554151","doi":"https://doi.org/10.1108/cfri-09-2024-0538","title":"Geopolitical turbulence and market dynamics: analyzing the impact of the Israeli\u2013Hamas conflict on global market volatility","display_name":"Geopolitical turbulence and market dynamics: analyzing the impact of the Israeli\u2013Hamas conflict on global market volatility","publication_year":2025,"publication_date":"2025-06-24","ids":{"openalex":"https://openalex.org/W4411554151","doi":"https://doi.org/10.1108/cfri-09-2024-0538"},"language":"en","primary_location":{"id":"doi:10.1108/cfri-09-2024-0538","doi":"https://doi.org/10.1108/cfri-09-2024-0538","is_oa":false,"landing_page_url":"https://doi.org/10.1108/cfri-09-2024-0538","pdf_url":null,"source":{"id":"https://openalex.org/S2764509274","display_name":"China Finance Review International","issn_l":"2044-1398","issn":["2044-1398","2044-1401"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-40","russia-white-list-1"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"China Finance Review International","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5089204069","display_name":"Imen Khemakhem","orcid":"https://orcid.org/0000-0002-9471-7664","observed_orcids":["https://orcid.org/0000-0002-9471-7664"]},"institutions":[{"id":"https://openalex.org/I142899784","display_name":"University of Sfax","ror":"https://ror.org/04d4sd432","country_code":"TN","type":"education","lineage":["https://openalex.org/I142899784"]},{"id":"https://openalex.org/I4405255911","display_name":"Faculty of Economics and Management of Sfax","ror":"https://ror.org/03jd7xe26","country_code":"TN","type":"education","lineage":["https://openalex.org/I142899784","https://openalex.org/I4405255911"]}],"countries":["TN"],"is_corresponding":false,"raw_author_name":"Imen Khemakhem","raw_affiliation_strings":["Faculty of Economics and Management of Sfax, University of Sfax , ,"],"raw_orcid":"https://orcid.org/0000-0002-9471-7664","affiliations":[{"raw_affiliation_string":"Faculty of Economics and Management of Sfax, University of Sfax , ,","institution_ids":["https://openalex.org/I142899784","https://openalex.org/I4405255911"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5097332569","display_name":"Salma Gallas","orcid":"https://orcid.org/0000-0002-3061-6928","observed_orcids":["https://orcid.org/0000-0002-3061-6928"]},"institutions":[{"id":"https://openalex.org/I8636806","display_name":"University of Sousse","ror":"https://ror.org/00dmpgj58","country_code":"TN","type":"education","lineage":["https://openalex.org/I8636806"]}],"countries":["TN"],"is_corresponding":false,"raw_author_name":"Salma Gallas","raw_affiliation_strings":["Higher Institute of Commercial Studies of Sousse, University of Sousse , ,"],"raw_orcid":"https://orcid.org/0000-0002-3061-6928","affiliations":[{"raw_affiliation_string":"Higher Institute of Commercial Studies of Sousse, University of Sousse , ,","institution_ids":["https://openalex.org/I8636806"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":13.3334,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.98737974,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":100},"biblio":{"volume":"16","issue":"3","first_page":"884","last_page":"916"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0019000000320374966,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/geopolitical-risk","display_name":"geopolitical risk","score":0.843999981880188},{"id":"https://openalex.org/keywords/market-volatility","display_name":"market volatility","score":0.593999981880188},{"id":"https://openalex.org/keywords/volatility-spillovers","display_name":"volatility spillovers","score":0.8740000128746033},{"id":"https://openalex.org/keywords/risk-transmission","display_name":"risk transmission","score":0.8939999938011169},{"id":"https://openalex.org/keywords/tail-risk","display_name":"tail risk","score":0.8759999871253967},{"id":"https://openalex.org/keywords/hedging","display_name":"hedging","score":0.7760000228881836},{"id":"https://openalex.org/keywords/crude-oil","display_name":"crude oil","score":0.7559999823570251},{"id":"https://openalex.org/keywords/wheat","display_name":"wheat","score":0.9580000042915344},{"id":"https://openalex.org/keywords/gold","display_name":"gold","score":0.9539999961853027},{"id":"https://openalex.org/keywords/bitcoin","display_name":"Bitcoin","score":0.9929999709129333},{"id":"https://openalex.org/keywords/portfolio-diversification","display_name":"portfolio diversification","score":0.6700000166893005},{"id":"https://openalex.org/keywords/cryptocurrency-market","display_name":"cryptocurrency market","score":0.5249999761581421},{"id":"https://openalex.org/keywords/israeli-palestinian-conflict","display_name":"Israeli-Palestinian conflict","score":0.6589999794960022},{"id":"https://openalex.org/keywords/us-dollar","display_name":"US dollar","score":0.7110000252723694},{"id":"https://openalex.org/keywords/bond-market","display_name":"bond market","score":0.6660000085830688},{"id":"https://openalex.org/keywords/global-stock-indices","display_name":"world stock indices","score":0.46799999475479126}],"concepts":[{"id":"https://openalex.org/C201960208","wikidata":"https://www.wikidata.org/wiki/Q159385","display_name":"Geopolitics","level":3,"score":0.7919442653656006},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7530529499053955},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5903904438018799},{"id":"https://openalex.org/C196558001","wikidata":"https://www.wikidata.org/wiki/Q190132","display_name":"Turbulence","level":2,"score":0.535105288028717},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.40302202105522156},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3722103238105774},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.19567379355430603},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.17886129021644592},{"id":"https://openalex.org/C57879066","wikidata":"https://www.wikidata.org/wiki/Q41217","display_name":"Mechanics","level":1,"score":0.1380590796470642},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.07557570934295654},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/cfri-09-2024-0538","doi":"https://doi.org/10.1108/cfri-09-2024-0538","is_oa":false,"landing_page_url":"https://doi.org/10.1108/cfri-09-2024-0538","pdf_url":null,"source":{"id":"https://openalex.org/S2764509274","display_name":"China Finance Review International","issn_l":"2044-1398","issn":["2044-1398","2044-1401"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-40","russia-white-list-1"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"China Finance Review International","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":78,"referenced_works":["https://openalex.org/W1969610664","https://openalex.org/W1970939326","https://openalex.org/W2050815921","https://openalex.org/W2066809258","https://openalex.org/W2080984056","https://openalex.org/W2089743944","https://openalex.org/W2119668799","https://openalex.org/W2150747312","https://openalex.org/W2154509779","https://openalex.org/W2346523875","https://openalex.org/W2765639760","https://openalex.org/W2789920150","https://openalex.org/W2803124146","https://openalex.org/W2885203629","https://openalex.org/W2902013598","https://openalex.org/W2920869567","https://openalex.org/W2949333925","https://openalex.org/W2970578917","https://openalex.org/W2972654004","https://openalex.org/W3017452399","https://openalex.org/W3020982786","https://openalex.org/W3047602970","https://openalex.org/W3123000882","https://openalex.org/W3123162522","https://openalex.org/W3123219825","https://openalex.org/W3123598957","https://openalex.org/W3124688932","https://openalex.org/W3125587863","https://openalex.org/W3126081245","https://openalex.org/W3149598179","https://openalex.org/W3184057037","https://openalex.org/W3199344599","https://openalex.org/W4212837067","https://openalex.org/W4221040930","https://openalex.org/W4221113839","https://openalex.org/W4221135156","https://openalex.org/W4224240557","https://openalex.org/W4224269961","https://openalex.org/W4226269911","https://openalex.org/W4231546411","https://openalex.org/W4241653265","https://openalex.org/W4280607724","https://openalex.org/W4281673597","https://openalex.org/W4292396172","https://openalex.org/W4296656084","https://openalex.org/W4297991965","https://openalex.org/W4300798928","https://openalex.org/W4319334784","https://openalex.org/W4319965858","https://openalex.org/W4323075397","https://openalex.org/W4323543857","https://openalex.org/W4367670262","https://openalex.org/W4377089239","https://openalex.org/W4380489126","https://openalex.org/W4382052002","https://openalex.org/W4384163238","https://openalex.org/W4384563118","https://openalex.org/W4385240450","https://openalex.org/W4385490997","https://openalex.org/W4385686189","https://openalex.org/W4388572454","https://openalex.org/W4388714077","https://openalex.org/W4388819898","https://openalex.org/W4389328325","https://openalex.org/W4389990046","https://openalex.org/W4390919685","https://openalex.org/W4391825355","https://openalex.org/W4392968741","https://openalex.org/W4394565474","https://openalex.org/W4394929226","https://openalex.org/W4396767582","https://openalex.org/W4398765269","https://openalex.org/W4401176555","https://openalex.org/W4401927310","https://openalex.org/W4402070014","https://openalex.org/W4403469336","https://openalex.org/W4406358304","https://openalex.org/W4408253468"],"related_works":["https://openalex.org/W3018195655","https://openalex.org/W1958217578","https://openalex.org/W1960867961","https://openalex.org/W4234164611","https://openalex.org/W2965844629","https://openalex.org/W2749524358","https://openalex.org/W2990260514","https://openalex.org/W4382894321","https://openalex.org/W2753588648","https://openalex.org/W2392378997"],"abstract_inverted_index":{"Purpose":[0],"This":[1,170,348,391,443],"study":[2,40,171,244,297,349,392],"investigates":[3],"the":[4,42,49,56,82,93,117,145,157,180,203,216,237,246,299,322,329,332,351,354,371,379,382,385,388,394,399,447,460,467],"evolving":[5],"connections,":[6],"risk":[7,27,87,90,309,337,402,430,434,471],"transmission":[8,91,310,403,472],"and":[9,14,29,55,92,99,103,122,140,149,160,188,199,215,264,289,320,343,370,384,401,406,473],"volatility":[10],"spillovers":[11,342],"between":[12,96,404],"commodities":[13,98,263,275,405],"global":[15,97,367,407],"financial":[16,100,114,233,265,359,363,408],"markets.":[17,101,234,409],"It":[18,374,410],"offers":[19],"an":[20],"in-depth":[21],"analysis":[22,135,428,469],"of":[23,110,248,281,301,324,353,396,429,440,455,470],"shifting":[24],"relationships,":[25],"tail":[26,89],"exposure":[28,319],"market":[30,254,282,326,421,474],"dynamics":[31,211,419],"over":[32,156,161],"time.":[33],"Design/methodology/approach":[34],"To":[35],"achieve":[36],"these":[37,413],"objectives,":[38],"this":[39,296],"employs":[41],"time-varying":[43,57,418],"parameters":[44],"vector":[45,59],"autoregression":[46],"(TVP-VAR)":[47],"framework,":[48],"conditional":[50],"autoregressive":[51,60],"value-at-risk":[52],"(CAViaR-TVP-VAR)":[53],"model":[54,63],"parameter":[58],"Barunik\u2013Krehlik":[61],"(TVP-VAR-BK)":[62],"to":[64,72,185,241,285,339,446],"analyze":[65],"daily":[66],"data":[67],"from":[68,182],"January":[69,183],"2,":[70],"2023":[71,184],"August":[73,186],"5,":[74],"2024.":[75],"Findings":[76],"Our":[77],"empirical":[78],"findings":[79,227,330],"show":[80],"that":[81,137,261],"Israeli\u2013Hamas":[83],"conflict":[84,217,356,383,389,397],"considerably":[85],"increased":[86],"spillovers,":[88,431],"overall":[94],"interconnectedness":[95,400],"Energy":[102],"agricultural":[104],"assets":[105],"emerged":[106],"as":[107,152,176,220],"key":[108,377],"sources":[109],"volatility,":[111],"while":[112],"major":[113],"indices,":[115],"including":[116,361],"US":[118],"dollar,":[119],"TA":[120],"All-Share":[121],"MSCI":[123],"World,":[124],"played":[125],"pivotal":[126],"roles":[127],"in":[128,144,251,420],"spreading":[129],"shocks":[130,288],"across":[131,304],"sectors.":[132],"The":[133,423],"frequency-domain":[134],"highlights":[136],"crude":[138],"oil":[139],"wheat":[141],"were":[142],"dominant":[143],"short":[146],"term,":[147],"gold":[148],"Bitcoin":[150],"acted":[151],"effective":[153,269],"hedging":[154],"tools":[155],"medium":[158],"term":[159],"longer":[162],"horizons,":[163],"commodity-linked":[164],"risks":[165],"remained":[166],"prominent.":[167],"Research":[168],"limitations/implications":[169],"has":[172],"some":[173],"limitations,":[174],"such":[175],"its":[177,189],"focus":[178],"on":[179,357,398,417],"period":[181,386],"2024":[187],"narrow":[190],"scope,":[191],"which":[192],"does":[193],"not":[194,207],"include":[195],"markets":[196,266],"like":[197],"bonds":[198],"real":[200],"estate.":[201],"Additionally,":[202,274],"models":[204],"used":[205],"may":[206],"account":[208],"for":[209,232,271,334],"nonlinear":[210],"or":[212],"intraday":[213],"fluctuations":[214],"is":[218],"analyzed":[219],"a":[221,426,452],"singular":[222],"event.":[223],"Practical":[224],"implications":[225],"These":[226],"have":[228],"several":[229],"important":[230],"insights":[231],"By":[235,312],"highlighting":[236,432],"sectors":[238],"most":[239],"vulnerable":[240],"shocks,":[242],"our":[243,258],"emphasizes":[245],"importance":[247],"being":[249],"proactive":[250],"addressing":[252],"potential":[253,291],"disruptions.":[255],"For":[256,293],"investors,":[257],"results":[259],"suggest":[260],"both":[262],"can":[267,317],"be":[268],"channels":[270],"transmitting":[272],"risks.":[273],"offer":[276],"diversification":[277],"benefits":[278],"during":[279,387,438],"times":[280],"distress,":[283],"helping":[284],"absorb":[286],"economic":[287],"reduce":[290,321],"losses.":[292],"portfolio":[294,345],"managers,":[295],"underscores":[298],"value":[300],"diversifying":[302],"investments":[303],"different":[305,463],"sectors,":[306,360],"exhibiting":[307],"strong":[308],"mechanisms.":[311],"strategically":[313],"allocating":[314],"risk,":[315],"investors":[316],"balance":[318],"impact":[323,395],"adverse":[325],"movements.":[327],"Thus,":[328],"emphasize":[331],"need":[333],"assigning":[335],"appropriate":[336],"allocations":[338],"mitigate":[340],"negative":[341],"maintain":[344],"stability.":[346],"Originality/value":[347],"explores":[350,411],"influence":[352,459],"Israeli\u2013Palestinian":[355],"various":[358],"commodities,":[362],"markets,":[364,366],"fixed-income":[365],"stock":[368],"indices":[369],"cryptocurrency":[372],"market.":[373],"examines":[375,393],"two":[376],"periods:":[378],"timeframe":[380],"before":[381],"itself.":[390],"how":[412,433,456],"relationships":[414],"evolve,":[415],"focusing":[416],"connectivity.":[422,475],"research":[424],"provides":[425],"detailed":[427],"contagion":[435],"characteristics":[436],"shift":[437],"periods":[439],"war":[441],"instability.":[442],"work":[444],"contributes":[445],"existing":[448],"literature":[449],"by":[450],"offering":[451],"deeper":[453],"understanding":[454],"geopolitical":[457],"events":[458],"interactions":[461],"among":[462],"asset":[464],"classes,":[465],"enhancing":[466],"traditional":[468]},"counts_by_year":[{"year":2026,"cited_by_count":11},{"year":2025,"cited_by_count":3}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2025-10-10T00:00:00"}