title: External shocks’ effects on the co-movements of currency and stock returns in three Southern African Development Community states
abstract: Background: Although numerous researchers have discovered a negative association between stock-market returns and changes in exchange rates, the literature does not address how external shocks may alter these correlations. Aim: This article investigates the risk synchronisation between stock returns, exchange-rate returns, geopolitical risk (GPR), and global economic policy uncertainty (GEPU) concerning countries within the Southern African Development Community (SADC). Setting: The SADC countri
journal: South African Journal of Economic and Management Sciences