Financial contagion during COVID–19 crisis

The COVID-19 outbreak and effects on major stock market indices across the globe: A machine learning approach

“…As a result, several works of literature (33)(34)(35)(36)(37)(38)(39)(40)(41)(42)(43)(44)(45)(46)(47) ascertained the impact of the novel virus on the stock market. However not like a high percentage of these works (33,(38)(39)(40)(41)(42)(43)(44)(45)(46)(47) that focused on regional datasets, this study presents a comprehensive examination of the information on daily reported COVID-19 cases and stock market fluctuation over thirty stock market indices (see Table 2 ) that houses the stock prices of several countries around the globe using decision tree algorithm. Also, we estimate the monetary loss within the period, project the future surge of this pandemic on the stock market and outline some portfolio allocation strategies to help the investor hedge against investment risk.…”

“…As such, the COVID-19 outbreak has brought a significant deal of curiosity on its economic impact on the financial markets. howsa summary of related works (33)(34)(35)(36)(37)(38)(39)(40)(41)(42)(43)(44)(45)(46)(47) , specifically in the context of the economic effect of novel COVID-19 on the stock market. We categorised these studies based on the objectives, the period of the dataset and studied stock market.…”

“…We categorised these studies based on the objectives, the period of the dataset and studied stock market. As seen in Table 1 , many previous studies (33,(38)(39)(40)(41)(42)(43)(44)(45)(46)(47) on the economic effect of the novel COVID-19 on the stock market concentrated on regional stock markets. Only a few (34)(35)(36)(37) examine the impact of the novel virus on the global stock market.…”

Spillover of Financial Innovations during Covid-19: A Cross-Country Analysis

“…The limited number of papers produces a quantitative estimation of Covid-19 impact on economic activities including financial markets. Such studies include; Baker et al (2020) examines the impact of Covid-19 on the US stock market relative to the previous infectious disease outbreak , Corbet, Larkin, and Lucey (2020) investigated the contagion effect of Covid-19 between stock markets in China, Ali, Alam, and Rizvi (2020) analyzed financial markets downfall and volatility, Corbet, Hou, Hu, Lucey, and Oxley (2020) examines the impact on companies whose identity is similar with Covid-19 virus, Shehzad, Xiaoxing, and Kazouz (2020) However, to the best of my attentiveness, none of these literature has attempted to investigate the magnitude and direction of financial innovations spillover during Covid-19 pandemic, apart from Akhtaruzzaman et al (2020).…”

COVID-19 and Insurance market returns in emerging and developed markets: A comparative study based on Wavelet methods

“…Extensive research is being carried out on multiple (financial and nonfinancial) aspects of the COVID-19 pandemic. For example, several studies have discussed the stock markets' reaction to the COVID-19 epidemic (Akhtaruzzaman et al, 2020;Azimli, 2020;Baek et al, 2020;Cepoi, 2020;Ciner, 2020;Erdem, 2020;Li et al, 2020;Mazur et al, 2020;Okorie & Lin, 2020;Topcu & Gulal, 2020;Zaremba et al, 2020;Zhang et al, 2020). Others have explored the impact of this shock on digital assets and commodity markets (Conlon & McGee, 2020;Corbet et al, 2020;Goodell & Goutte, 2020;Ji et al, 2020;Mensi et al, 2020;Mnif et al, 2020).…”