Oil's Impact on Iraq's Market Integration

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This study, conducted by esteemed researchers from University of Mosul and Al-Iraqia University, explores the intricate relationship between oil price volatility and the Iraq Stock Exchange (ISX). Motivated by the dual challenge of enhancing market liquidity while managing increased risk, the research addresses the unique vulnerability of oil-dependent economies like Iraq. By applying methodologies such as the ADF, KPSS, Johansen Cointegration analysis, and DCC-GARCH for volatility...