Financial markets under the global pandemic of COVID-19

By Dayong Zhang, Minwen Hu, Qiang Ji. Finance Research Letters, 2020

2,093 citations recorded by the source corpus.

Highlights • The COVID-19 pandemic has significant impacts on global financial markets.• Substantial increases of volatility are found in global markets due to the outbreak.• Global stock markets linkages display clear different patterns before and after the pandemic announcement.• Policy responses may create further uncertainties in the global financial markets.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/543f36e1261030bc9ddbe1ba179e286c28c6ce12

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Citations in the corpus

COVID-19 pandemic and unemployment dynamics in European economies (2021, neutral): “Due to the decrease in demand for industrial inputs and energy sources, the markets have experienced constant volatility in oil prices to further exuberate countries ’ economic performance (Zhang et al., 2020).”
Oil price volatility in the context of Covid-19 (2021, background): “Jawadi and Ftiti, (2019) evinced the sharp rise in oil volatility due to uncertainty, while Yilmazkuday (2020), Ramelli and Wagner (2020) and Zhang et al. (2020) argued that coronavirus triggers price volatility on the stock markets based on emotional responses.”
Does the Indian Financial Market Nosedive because of the COVID-19 Outbreak, in Comparison to after Demonetisation and the GST? (2020, background): “…2017; Gil-Alana and Monge 2020; Gormsen and Koijen 2020; Granger, Huang, and Yang 2000; Haroon and Rizvi 2020; Ichev and Baker Marinc 2018; Lagoarde-Segot and Leoni 2013; Narayan 2020; Phan and Narayan 2020; Zhang, Hu, and Ji 2020; Fu and Shen 2020; Liu, Wang and Lee 2020; Qin, Zhang and Su 2020).”
Did Bubble Activity Intensify During COVID-19? (2020, neutral): “…& Monge, 2020; Gu et al., 2020; Haroon & Rizvi, 2020a, 2020b; Huang & Zheng, 2020; Iyke, 2020a, 2020b; Liu et al., 2020; Narayan, 2020; Qin et al., 2020; A. Salisu & Adediran, 2020; A.A. Salisu et al., 2020; Afees A. Salisu & Vo, 2020; Xiong et al., 2020; Zaremba et al., 2020; Zhang et al., 2020).”
The nexus between COVID-19 fear and stock market volatility (2021, neutral): “Zhang et al. (2020) argued that COVID-19 ’ s accelerated spread has had drastic consequences for stock markets across the globe, culminating in a substantial rise in global financial market instability and significant losses for investors in a brief span of time (Narayan et al., 2021).”
COVID‐19 impact, sustainability performance and firm value: international evidence (2021, neutral): “Zhang et al. (2020) argue that COVID-19 has influenced financial markets around the world, resulting in an unprecedented level of risk, and that investors have suffered considerably in a short period of time.”
Household Financial Decision Making Amidst the COVID-19 Pandemic (2020, background): “Knotek et al. (2020) posit that the U.S. survey obtains 50 to 208 survey responses daily.”
Structural Breaks in Interactive Effects Panels and the Stock Market Reaction to COVID-19 (2021, background): “However, fixed effects do not work in general when pair-wise cross-section covariances of the regression errors differ across countries, and there is plenty of evidence to support this (see e.g., Zhang, Hu, and Ji 2020).”
Asymmetric volatility spillover among Chinese sectors during COVID-19 (2021, background): “This value can be attributed to China’s economic growth decline since late 2018 (Liu, Sun, & Zhang, 2020).”
Revisiting oil-stock nexus during COVID-19 pandemic: Some preliminary results (2020, background): “For instance, Albulescu (2020) and Zhang et al. (2020) contend that globalfinancial market risks have increased substantially in response to the pandemic, withfinancial markets becoming highly volatile and unpredictable.”
Economic impact of government interventions during the COVID-19 pandemic: International evidence from financial markets (2020, neutral): “Second, we complement the recent studies which examine the impact of COVID-19 on financial markets (Al-Awadhi et al., 2020; Ali et al., 2020; Ashraf, 2020a; Baker et al., 2020; Haroon and Rizvi, 2020; Ramelli and Wagner, 2020; Schell et al., 2020; Zhang et al., 2020).”