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Pregled bibliografske jedinice broj: 1135816

COVID-19 and the Stock Markets: A Glance at the Initial Effects of the Pandemic


Sorić, Petar
COVID-19 and the Stock Markets: A Glance at the Initial Effects of the Pandemic // Ekonomický časopis, 69 (2021), 5; 472-493 doi:10.31577/ekoncas.2021.05.02 (međunarodna recenzija, članak, znanstveni)


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Naslov
COVID-19 and the Stock Markets: A Glance at the Initial Effects of the Pandemic

Autori
Sorić, Petar

Izvornik
Ekonomický časopis (0013-3035) 69 (2021), 5; 472-493

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
COVID-19 pandemic ; economic uncertainty ; stringency index ; stock market ; panel VAR

Sažetak
The COVID-19 pandemic and consequent economic lockdown have triggered unprecedented economic uncertainty. The financial markets responded instantly, pricing in the uncertainty boom. This paper assesses the impact of anti-COVID social distancing measures on stock markets across the globe. Analyzing 60 world economies in a panel vector autoregression framework, we find that the stringency of social distancing interventions has a negative effect on market returns, but its character is strictly transitory and it fades away within 7 days. The magnitude of the pandemic in terms of recorded disease cases and deaths reveal a very similar pattern, causing a significant, but short-lived decline of stock prices. Our estimates reveal a considerable asymmetry in the identified interrelationships. Less developed markets seem to respond to the economic lockdown more intensively than highly developed economies

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
IP-2018-01-4189 - EKONOMSKI SENTIMENT: STATISTIČKI, POLITIČKI, BIHEVIORALNI I MEDIJSKI ASPEKTI NJEGOVOG UTJECAJA NA EKONOMSKU AKTIVNOST (EconSent) (Sorić, Petar, HRZZ - 2018-01) ( POIROT)

Ustanove:
Ekonomski fakultet, Zagreb

Profili:

Avatar Url Petar Sorić (autor)

Citiraj ovu publikaciju

Sorić, Petar
COVID-19 and the Stock Markets: A Glance at the Initial Effects of the Pandemic // Ekonomický časopis, 69 (2021), 5; 472-493 doi:10.31577/ekoncas.2021.05.02 (međunarodna recenzija, članak, znanstveni)
Sorić, P. (2021) COVID-19 and the Stock Markets: A Glance at the Initial Effects of the Pandemic. Ekonomický časopis, 69 (5), 472-493 doi:10.31577/ekoncas.2021.05.02.
@article{article, author = {Sori\'{c}, P.}, year = {2021}, pages = {472-493}, DOI = {10.31577/ekoncas.2021.05.02}, keywords = {COVID-19 pandemic, economic uncertainty, stringency index, stock market, panel VAR}, journal = {Ekonomick\'{y} \v{c}asopis}, doi = {10.31577/ekoncas.2021.05.02}, volume = {69}, number = {5}, issn = {0013-3035}, title = {COVID-19 and the Stock Markets: A Glance at the Initial Effects of the Pandemic}, keyword = {COVID-19 pandemic, economic uncertainty, stringency index, stock market, panel VAR} }
@article{article, author = {Sori\'{c}, P.}, year = {2021}, pages = {472-493}, DOI = {10.31577/ekoncas.2021.05.02}, keywords = {COVID-19 pandemic, economic uncertainty, stringency index, stock market, panel VAR}, journal = {Ekonomick\'{y} \v{c}asopis}, doi = {10.31577/ekoncas.2021.05.02}, volume = {69}, number = {5}, issn = {0013-3035}, title = {COVID-19 and the Stock Markets: A Glance at the Initial Effects of the Pandemic}, keyword = {COVID-19 pandemic, economic uncertainty, stringency index, stock market, panel VAR} }

Časopis indeksira:


  • Current Contents Connect (CCC)
  • Web of Science Core Collection (WoSCC)
    • Social Science Citation Index (SSCI)
    • SCI-EXP, SSCI i/ili A&HCI
  • Scopus


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