Coronavirus and Financial Volatility: 40 Days of Fasting and Fear

Albulescu, § Claudiu

doi:10.2139/ssrn.3550630

Cited by 155 publications

(139 citation statements)

References 8 publications

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“…It is likely that various sectors of the economy will be affected by the progression of the coronavirus pandemic to varying degrees, although the scale of the losses is likely to be very broad and multi-sectoral. The most sensitive and at the same time most affected by the epidemic sectors will include tourism, hotel industry, gastronomy, culture, show business, cinematography, transport, education and health (Albulescu, 2020a). Trade, financial, banking and insurance sectors as well as fuel extraction and processing, and many other activities are also sensitive (Albulescu, 2020b).…”

Section: Structural Changesmentioning

confidence: 99%

Covid-19 Pandemic; Recession, Virtual Revolution Leading to De-globalization?

Sułkowski

2020

Journal of Intercultural Management

117

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Objective: The article is an attempt to make a diagnosis about the impact of the Covid-19 pandemic on global trends, including organizational processes in enterprises, and challenges for organization leaders in many areas. Issues such as recession phase in which the economy will find itself, de-globalization and the increase in virtualization of both the economy and entire societies are discussed in the article.Methodology: The research method is a review of the literature, not very extensive, on the subject. There is a lack of research on social and cultural consequences of Covid-19 pandemics, and at the same time we are experiencing a flood of media information. The author is aware that impact assessment is subject to uncertainty and that it must be multidimensional.Findings: The review of the literature, as well as reports from financial institutions, show that the economies of individual countries are entering a phase of stagnation and recession. This will probably lead to a global recession. The text indicates the sectors and types of enterprises that will be most affected by the changes. The article proves that governments’ attitude to health care functions may change, as well as the role of states and international financial institutions. Virtualization of communication seems to be an important change. It is difficult to answer the question whether a pandemic will affect globalization or de-globalization, government decisions at national level are significant, but they draw from international experience.Value Added: The article becomes an important voice on the impact of a pandemic on the functioning of the economy and globalization.Recommendations: A question was posed demanding further analyses: whether strengthening the central government would mean de-globalization tendencies. It seems that the virtualization of social and economic life will continue after the pandemic expires, which needs to be confirmed. The impact of the pandemic on the world should be the subject of many research studies in the future.

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Section: Structural Changesmentioning

confidence: 99%

Covid-19 Pandemic; Recession, Virtual Revolution Leading to De-globalization?

Sułkowski

2020

Journal of Intercultural Management

117

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“…In fact, even the economic policy uncertainty represents a reliable cause of financial markets volatility as shown by Antonakakis et al (2013), Li et al (2019), Mei et al (2018), Phan et al (2020), Su et al, (2019), Tiwari et al (2019), Zhenghui and Junhao (2019). 4 Albulescu (2020) already investigated the effect of COVID-19 numbers on the financial markets volatility and reported a positive and significant impact. the new cases reported in China and outside China.…”

Section: Introductionmentioning

confidence: 99%

Coronavirus and Oil Price Crash

2020

Self Cite

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Coronavirus (COVID-19) creates fear and uncertainty, hitting the global economy and amplifying the financial markets volatility. The oil price reaction to COVID-19 was gradually accommodated until March 09, 2020, when, 49 days after the release of the first coronavirus monitoring report by the World Health Organization (WHO), Saudi Arabia floods the market with oil. As a result, international prices drop with more than 20% in one single day. Against this background, the purpose of this paper is to investigate the impact of COVID-19 numbers on crude oil prices, while controlling for the impact of financial volatility and the United States (US) economic policy uncertainty. Our ARDL estimation shows that the COVID-19 daily reported cases of new infections have a marginal negative impact on the crude oil prices in the long run. Nevertheless, by amplifying the financial markets volatility, COVID-19 also has an indirect effect on the recent dynamics of crude oil prices.

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“…Governments have locked down cities, restricted movements of millions and suspended business operations that will slow down the global economy in the coming years. Undoubtedly, the virus outbreak has become one of the biggest threats to the global economy and financial markets [18], [19].…”

Section: A Coronavirus (Covid-19) Pandemicmentioning

confidence: 99%

Blockchain and AI-Based Solutions to Combat Coronavirus (COVID-19)-like Epidemics: A Survey

Nguyen¹,

Dinh²,

Pathirana³

et al. 2020

Preprint

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The beginning of 2020 has seen the emergence of coronavirus outbreak caused by a novel virus called SARS-CoV-2. The sudden explosion and uncontrolled worldwide spread of COVID-19 show the limitations of existing healthcare systems to timely handle public health emergencies. In such contexts, innovative technologies such as blockchain and Artificial Intelligence (AI) have emerged as promising solutions for fighting coronavirus epidemic. On the one hand, blockchain can combat pandemics by enabling early detection of outbreaks, protecting user privacy, and ensuring reliable medical supply chain during the outbreak tracking. On the other hand, AI provides intelligent solutions for identifying symptoms caused by coronavirus for treatments and supporting drug manufacturing. Motivated by these, in this paper we present an extensive survey on the use of blockchain and AI for combating coronavirus (COVID-19) epidemics based on the rapidly emerging literature. First, we introduce a new conceptual architecture which integrates blockchain and AI specific for COVID-19 fighting. Particularly, we highlight the key solutions that blockchain and AI can provide to combat the COVID-19 outbreak. Then, we survey the latest research efforts on the use of blockchain and AI for COVID-19 fighting in a wide range of applications. The newly emerging projects and use cases enabled by these technologies to deal with coronavirus pandemic are also presented. Finally, we point out challenges and future directions that motivate more research efforts to deal with future coronavirus-like epidemics.

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Coronavirus and Financial Volatility: 40 Days of Fasting and Fear

Cited by 155 publications

References 8 publications

Covid-19 Pandemic; Recession, Virtual Revolution Leading to De-globalization?

Covid-19 Pandemic; Recession, Virtual Revolution Leading to De-globalization?

Coronavirus and Oil Price Crash

Blockchain and AI-Based Solutions to Combat Coronavirus (COVID-19)-like Epidemics: A Survey

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