Dynamic correlations and volatility spillovers between Financial Stress, exchange rates and gold prices in BRICS
The objective of this study is to investigate the dynamic correlations and volatility spillover effect between the financial stress index (FSI), exchange rates, and gold prices among Brazil, Russia, India, China and South Africa (BRICS countries) over the period between February 2014 and February 2024. The FSI is established using the principal component analysis approach for each country to evalu
