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

By Khurram Shehzad, Xiaoxing Liu, Hayfa Kazouz. Finance Research Letters, 2020

272 citations recorded by the source corpus.

Highlights • Financial markets of the world confronted an extreme collision in their market values due to COVID-19.• COVID-19 exposed countless sway on financial volatility of the US and European markets than GFC.• During the period of COVID-19, Asian markets are making available better opportunities to diversify the financial risk.• COVID-19 revealed a negative and significant association with returns of S&P 500 index.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/e788ebcd244929e7b2c2b042c7c9cbc986cd0ebc