Volatility in International Sovereign Bond Markets: The role of government policy responses to the COVID-19 pandemic

Zaremba, Adam; Kizys, Renatas; Aharon, David Y.

doi:10.1016/j.frl.2021.102011

Cited by 64 publications

(55 citation statements)

References 70 publications

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“…(2020) , Gubareva (2020) , and Sène et al. (2020) , who focus on emerging market bonds, Hartley and Rebucci (2020) , who examine the impact of the post-pandemic quantitative easing in 21 bond markets, and Zaremba et al. (2020) , who find that more stringent government responses are conducive to lower sovereign bond volatility, are exceptions.…”

Section: Introductionmentioning

confidence: 99%

Term spreads and the COVID-19 pandemic: Evidence from international sovereign bond markets

Zaremba

Kizys

Aharon

et al. 2022

Finance Research Letters

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Section: Introductionmentioning

confidence: 99%

Term spreads and the COVID-19 pandemic: Evidence from international sovereign bond markets

Zaremba

Kizys

Aharon

et al. 2022

Finance Research Letters

Self Cite

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“…Feng et al (2021) find that the various policies implemented by governments, including public awareness campaigns and restrictions on internal movements reduced COVID-19 induced exchange rate volatility. Similarly, Zaremba et al (2021) show that government interventions significantly decreased sovereign bond volatility. Padhan and Prabheesh (2021) provide an extensive survey of the literature.…”

Section: Introductionmentioning

confidence: 91%

Covid-19, Policy Responses, and Industrial Productivity Around the Globe

Iyke¹,

Sharma²,

Gunadi³

2021

BEMP

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We examine whether the COVID-19-induced policy responses by countries moderated the negative impact of the pandemic on industrial productivity. Using a panel of the 50 most affected countries by the pandemic, we show that the policy responses do not only help reduce the spread of COVID-19, but they also moderate its negative impact on industrial productivity and help steer countries back to their growth paths. We demonstrate that, in the absence of the pandemic, some of the policy responses (i.e., lockdowns, travel restrictions, etc.) would have reduced productivity. We further demonstrate that our estimates are robust when considering alternative specifications of our productivity model. Our study provides strong support for evidence-based policies and emphasizes, consistent with theoretical arguments, that an optimal policymix is fundamental to steering economies back to their steady productivity growth paths when facing negative shocks.

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“…ISO 22320:2018 Security and resilience-security and resilience-Organizational resilience-Principles and attributes; ISO 31000:2018 Risk management-Guidelines; (6). ISO 56002:2019 Innovation management-Innovation management system-Guidance; (7). ISO 45001:2018 Occupational health and safety management systems-Requirements with guidance for use; (8).…”

Section: Literature Review On Pandemics and The Role Of Standardizationmentioning

confidence: 99%

“…The instability of the world economy has resulted in a decline in the exchange rate and pressure on the domestic economy. The decline in demand due to the decline in people's purchasing power also affected domestic production [5][6][7].…”

Section: Introductionmentioning

confidence: 99%

Innovation Opportunity and Challenge of Standardization in Response to COVID-19 Pandemic and the Socio-Economic Impact: A Case Study in Indonesia

et al. 2022

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The COVID-19 health crisis has disrupted various aspects of life: social, economic and work models in organizations, such as government organizations, private organizations, and businesses. To overcome this situation, a number of appropriate activities are needed to directly overcome the various problems in public health, both preventive and curative. In line with that, activities have also been taken to recover from the impact caused by the COVID-19 pandemic. This paper describes the role of standardization in response to the COVID-19 pandemic, including the business process of formulation and development of standards, conformity assessment procedures, and the role of metrology in providing calibration services. Moreover, the role of the implementation of standards to overcome the socio-economic impact and innovation is also discussed. The method used in this report is based on observation and secondary data. The observation was carried out in Jakarta and surrounding cities, which are representatives of the islands of Java and Bali. A short overview of the literature regarding Coronavirus, the principal role of standardization, regulation, innovation, and its social-economic impact were obtained from secondary data from various sources.

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Volatility in International Sovereign Bond Markets: The role of government policy responses to the COVID-19 pandemic

Cited by 64 publications

References 70 publications

Term spreads and the COVID-19 pandemic: Evidence from international sovereign bond markets

Term spreads and the COVID-19 pandemic: Evidence from international sovereign bond markets

Covid-19, Policy Responses, and Industrial Productivity Around the Globe

Innovation Opportunity and Challenge of Standardization in Response to COVID-19 Pandemic and the Socio-Economic Impact: A Case Study in Indonesia

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