Flatten the Curve and Stock Market Liquidity – An Inquiry into Emerging Economies

Haroon, Omair; Rizvi, Syed Aun R.

doi:10.1080/1540496x.2020.1784716

Cited by 187 publications

(120 citation statements)

References 42 publications

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“…In closing, we highlight that there is scarce literature on the exchange rate-COVID-19 nexus despite a large and growing literature on COVID-19 (see Al-Awadhi et al, 2020;Ertuğrul et al, 2020;Fu & Shen, 2020;Gil-Alana & Monge, 2020;Gu et al, 2020;Haroon & Rizvi, 2020a, 2020bHuang & Zheng, 2020;Iyke, 2020aIyke, , 2020bLiu et al, 2020;Narayan, 2020;Qin et al, 2020;A. Salisu & Adediran, 2020;A.A.…”

Section: Introduction I Introductionmentioning

confidence: 89%

Did Bubble Activity Intensify During COVID-19?

Narayan

2020

Asian Economics Letters

123

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In this note, we utilize hourly exchange rate data for Japanese Yen, Canadian dollar, European Euro and the British pound to search for possible bubble type behavior. We identify evidence that bubble activity characterizes all four exchange rates more so in the COVID-19 period. We also show that bubble activity intensified during the COVID-19 period, implying markets became relatively more inefficient compared to the pre-COVID-19 period.

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Section: Introduction I Introductionmentioning

confidence: 89%

Did Bubble Activity Intensify During COVID-19?

Narayan

2020

Asian Economics Letters

123

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“…Beck, et al [52] investigated ten emerging markets and found that most of companies were harmfully influenced by COVID-19, whereas Haroon and Rizvi [53] explored 23 emerging markets and provided support that reducing (growing) course of coronavirus cases is related with enhancing (worsening) liquidity in financial markets. In a similar vein, Baig, et al [54] claimed that community panic, alongside constraints and quarantine drive the cash shortage and uncertainty of the markets.…”

Section: Prior Research Regarding the Economic And Financial Consequementioning

confidence: 99%

Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis

Gherghina

Armeanu

Joldeș

2020

IJERPH

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This paper examines the linkages in financial markets during coronavirus disease 2019 (COVID-19) pandemic outbreak. For this purpose, daily stock market returns were used over the period of December 31, 2019–April 20, 2020 for the following economies: USA, Spain, Italy, France, Germany, UK, China, and Romania. The study applied the autoregressive distributed lag (ARDL) model to explore whether the Romanian stock market is impacted by the crisis generated by novel coronavirus. Granger causality was employed to investigate the causalities among COVID-19 and stock market returns, as well as between pandemic measures and several commodities. The outcomes of the ARDL approach failed to find evidence towards the impact of Chinese COVID-19 records on the Romanian financial market, neither in the short-term, nor in the long-term. On the other hand, our quantitative approach reveals a negative effect of the new deaths’ cases from Italy on the 10-year Romanian bond yield both in the short-run and long-run. The econometric research provide evidence that Romanian 10-year government bond is more sensitive to the news related to COVID-19 than the index of the Bucharest Stock Exchange. Granger causality analysis reveals causal associations between selected stock market returns and Philadelphia Gold/Silver Index.

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“…In other words, we examine whether market volatility at the Asian regional level can explain stock market volatility at the country-level. Recent studies have shown that the COVID-19 pandemic has significantly affected global economies; see, for instance, Mishra et al (2020), Salisu & Akanni (2020), Chen et al (2020), Wang et al (2020), Yue et al (2020), Yu et al (2020), Xiong et al (2020), Shen et al (2020), Gu et al (2020), Haroon & Rizvi (2020), Iyke (2020), He et al (2020), and Liu et al (2020). According to Sha & Sharma (2020) and Phan & Narayan (2020), the COVID-19 pandemic represents the largest and most disturbing shock to the global economic system and it is therefore important to understand whether the country level volatility can be determined by the regional level stock market volatility.…”

Section: Introduction I Introductionmentioning

confidence: 99%

A Note on the Asian Market Volatility During the COVID-19 Pandemic

Sharma

2020

Asian Economics Letters

186

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This paper provides a note on commonality in volatility for five developed Asian economies, namely Hong Kong, Japan, Russia, Singapore and South Korea. Additionally, we examine whether the COVID-19 pandemic changed the commonality in volatility within the Asian region. Overall, we find that commonality in volatility during the COVID-19 period is more prominent in the case of Singapore compared to other four economies.

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Flatten the Curve and Stock Market Liquidity – An Inquiry into Emerging Economies

Cited by 187 publications

References 42 publications

Did Bubble Activity Intensify During COVID-19?

Did Bubble Activity Intensify During COVID-19?

Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis

A Note on the Asian Market Volatility During the COVID-19 Pandemic

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