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For this purpose, the detrended moving-average cross-correlation coefficient ([Formula: see text] was used, based on a sliding windows approach, with data covering a sample before the COVID-19 pandemic, during the COVID-19 pandemic and after Russia invaded Ukraine. The results show a positive cross-correlation between BRICS markets and commodities and green bonds after the COVID-19 pandemic, mainly for long time scales. This result can contribute to financial risk analysis, especially regarding hedge funds.<\/jats:p>","DOI":"10.1142\/s0219477525500531","type":"journal-article","created":{"date-parts":[[2025,5,2]],"date-time":"2025-05-02T07:50:18Z","timestamp":1746172218000},"source":"Crossref","is-referenced-by-count":0,"title":["Dynamic Cross-Correlation Between BRICS Markets, Commodities and Green Bonds"],"prefix":"10.1142","volume":"24","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-9503-3515","authenticated-orcid":false,"given":"Eder J. A. 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