COVID-19’s disasters are perilous than Global Financial Crisis: A rumor or fact?

Shehzad, Khurram; Liu, Xiaoxing; Kazouz, Hayfa

doi:10.1016/j.frl.2020.101669

Cited by 230 publications

(169 citation statements)

References 12 publications

Supporting

Mentioning

150

Contrasting

Unclassified

Order By: Relevance

“…The policymakers should be aware that corona crisis may be an occasion to improve the discrepancy among Romania and developed nations of European Union. In this regard, a substantial share of the budget should be expended to alleviate this pandemic [59]. A suitable clinical stream is vital so as to ensure a reliable supervision of patients [92].…”

Section: Discussionmentioning

confidence: 99%

“…However, the ARDL methodology impose that no variable should be integrated of second order or I (2). Therefore, in line with prior research [26,34,59], the augmented Dickey-Fuller (ADF) test will be applied for unit root testing. The null hypothesis of the ADF test claims the presence of unit root in the time series.…”

Section: Quantitative Methodsmentioning

confidence: 99%

“…Since the SARS-CoV-2 virus is spreadable and migrations occurs, current pandemic outbreak affect many nations worldwide, along with their stock markets [58]. Hence, Shehzad, et al [59] documented that conditional variance of stock markets from Europe and USA is huge throughout the period of COVID-19 as related to the Global Financial Crises (GFC) of 2007-2009. Estrada, et al [60] explored ten major stock markets worldwide and cautioned that the effects of SARS-CoV-2 crisis may engender comparable impairment of the Crisis 1929, also being estimated a period between 9 and 12 months for recovery.…”

Section: Prior Research Regarding the Economic And Financial Consequementioning

confidence: 99%

See 2 more Smart Citations

Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis

Gherghina

Armeanu

Joldeș

2020

IJERPH

View full text Add to dashboard Cite

This paper examines the linkages in financial markets during coronavirus disease 2019 (COVID-19) pandemic outbreak. For this purpose, daily stock market returns were used over the period of December 31, 2019–April 20, 2020 for the following economies: USA, Spain, Italy, France, Germany, UK, China, and Romania. The study applied the autoregressive distributed lag (ARDL) model to explore whether the Romanian stock market is impacted by the crisis generated by novel coronavirus. Granger causality was employed to investigate the causalities among COVID-19 and stock market returns, as well as between pandemic measures and several commodities. The outcomes of the ARDL approach failed to find evidence towards the impact of Chinese COVID-19 records on the Romanian financial market, neither in the short-term, nor in the long-term. On the other hand, our quantitative approach reveals a negative effect of the new deaths’ cases from Italy on the 10-year Romanian bond yield both in the short-run and long-run. The econometric research provide evidence that Romanian 10-year government bond is more sensitive to the news related to COVID-19 than the index of the Bucharest Stock Exchange. Granger causality analysis reveals causal associations between selected stock market returns and Philadelphia Gold/Silver Index.

show abstract

Section: Discussionmentioning

confidence: 99%

Section: Quantitative Methodsmentioning

confidence: 99%

Section: Prior Research Regarding the Economic And Financial Consequementioning

confidence: 99%

See 1 more Smart Citation

Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis

Gherghina

Armeanu

Joldeș

2020

IJERPH

View full text Add to dashboard Cite

show abstract

“…Vishnoi and Mookerjee (2020) observed that the stock market in Japan had dropped more than 20% in December 2019. The stock market of Spain, Hong Kong, and China also declined to 25.1%, 14.75, and 12.1% in their price from 8 th March to 18 th March 2020 (Shehzad, 2020). Shehzad (2020), in his study, also found a harm full impact on stock returns of the S&P 500 and an inconsequential impact on the Nasdaq Composite index.…”

mentioning

confidence: 88%

The Outbreak of COVID-19 Pandemic and Its Impact on Stock Market Volatility: Evidence from a Worst-affected Economy

Bora

Basistha

2020

Preprint

View full text Add to dashboard Cite

The outbreak of COVID-19 has affected the entire global financial market in an unprecedented way. Due to the disruptions that emerged in the global market; the financial market of India also reacted to the pandemic and witnessed sharp volatility. Given the COVID-19 situation, this paper empirically investigates the impact of COVID-19 on the Indian stock market. Using daily closing prices of indices such as Nifty and Sensex, this study examines the volatility of these indices over the period 3rd September 2019 to 10th July 2020. Further, the study has attempted to make a comparative analysis of the return of the stock market in pre-COVID-19 and during the COVID-19 situation. GARCH model is used to capture the volatility of the indices. Findings reveal that the stock market in India has experienced volatility during the pandemic period. While comparing the results with that of the pre-COVID-19 period, we find that return on the indices is higher in the pre-COVID-19 period than during COVID-19. The return of both the stock market reached the bottom line during the first lockdown period, which is from24th March to 6th April.

show abstract

“…The limited number of papers produces a quantitative estimation of Covid-19 impact on economic activities including financial markets. Such studies include; Baker et al (2020) examines the impact of Covid-19 on the US stock market relative to the previous infectious disease outbreak , Corbet, Larkin, and Lucey (2020) investigated the contagion effect of Covid-19 between stock markets in China, Ali, Alam, and Rizvi (2020) analyzed financial markets downfall and volatility, Corbet, Hou, Hu, Lucey, and Oxley (2020) examines the impact on companies whose identity is similar with Covid-19 virus, Shehzad, Xiaoxing, and Kazouz (2020) However, to the best of my attentiveness, none of these literature has attempted to investigate the magnitude and direction of financial innovations spillover during Covid-19 pandemic, apart from Akhtaruzzaman et al (2020).…”

Section: Asian Development Policy Reviewmentioning

confidence: 99%

Spillover of Financial Innovations during Covid-19: A Cross-Country Analysis

Rout

2020

Asian Development Policy Review

View full text Add to dashboard Cite

show abstract

COVID-19’s disasters are perilous than Global Financial Crisis: A rumor or fact?

Cited by 230 publications

References 12 publications

Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis

Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis

The Outbreak of COVID-19 Pandemic and Its Impact on Stock Market Volatility: Evidence from a Worst-affected Economy

Spillover of Financial Innovations during Covid-19: A Cross-Country Analysis

Contact Info

Product

Resources

About