COVID-19, government policy responses, and stock market liquidity around the world: A note

Abstract

Unprecedented non-pharmaceutical interventions targeted to curb the spread of COVID-19 exerted a dramatic impact on the global economy and financial markets. This study is the first attempt to investigate the influence of these government policy responses on global stock market liquidity. To this end, we examine daily data from 49 countries for the period January-April 2020. We demonstrate that the impact of the interventions is limited in scale and scope. Workplace and school closures deteriorate liquidity in emerging markets, while information campaigns on the novel coronavirus facilitate trading activity.

Investor attention and cryptocurrency: Evidence from the Bitcoin market

“…In fact, the CAPM model is also a widely used model in forecasting and combining assets [ 102 , 103 ]. However, the model is not selected as another benchmark model in this paper.…”

The relationship between the Covid-19 media coverage and the Environmental, Social and Governance leaders equity volatility: a time-frequency wavelet analysis

“…Because of a tremendous impact of the pandemic on the planetary scale, the literature on the Covid-19 fuelled economic crisis has grown with a rapid pace; see Akhtaruzzaman, Boubaker, and Sensoy (2020); Al-Awadi et al (2020); Baker et al (2020); Cheema-Fox et al (2020); Liu et al (2020); Sharif, Aloui, and Yarovaya (2020); and the references therein. In particular, the global Covid-19 pandemic has severely affected worldwide financial markets (Ali, Alm, and Rizvi 2020;Goodell 2020;Gubareva 2020;Zaremba et al 2020;Zhang, Hu, and Ji 2020).…”

The Impact of the Covid-19 epidemic on Saudi stock market performance using a Regression model and Granger causality test-Empirical Analysis

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