The Quantile connectedness approach, which allows for a detailed scrutinization of the connectedness, to analysis the connectedness for oil price and BRICS stock markets. Russia and South Africa plays the net transmitting roles, and similar evidence is obtained in Brazil after 2010. Brent oil, India, and Shanghai are net recipients for most time. The extent of the connectedness is further stronger when facing up the market slump such as the global financial crisis, European debt crisis, and Covid-19 periods. For investors, practitioners, and financial institutions, periodically changing the assets allocating can follow noted above evidence.

中文翻译：

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使用分位数连通性方法研究布伦特原油价格与金砖国家股票市场之间的动态联系


分位数连通性方法可以对连通性进行详细审查，以分析石油价格和金砖国家股票市场的连通性。俄罗斯和南非扮演着净传输角色，2010年后巴西也得到了类似的证据。布伦特石油、印度和上海大部分时间都是净接收者。当面对全球金融危机、欧债危机、Covid-19等市场低迷时期时，这种联系的程度会进一步增强。对于投资者、从业者和金融机构来说，定期改变资产配置可以遵循上述证据。