Impact of COVID-19 Pandemic on Financial Markets: a Global Perspective

Ullah, Sabeeh

doi:10.1007/s13132-022-00970-7

Cited by 33 publications

(14 citation statements)

References 68 publications

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“…The COVID-19 new confirmed cases (NC) and deaths are the primary independent variables. Following [ 2 , 9 , 24 , 26 , 55 ], we used the logarithm of new COVID-19 infected confirmed cases and deaths reported were used as a proxy for the COVID-19 pandemic. Pandemic fear due to new cases and deaths caused many companies to close down completely, leading to increased financial market volatility [ 2 ].…”

Section: Methodsmentioning

confidence: 99%

“…Ref. [ 55 ] examined the effect of COVID-19 on the 30 most virus-affected countries worldwide using a panel data estimation framework and found that new COVID-19 cases negatively influenced stock market returns in developed and developing markets. However, the new daily deaths due to coronavirus positively influenced stock market returns in emerging markets.…”

Section: Literature Reviewmentioning

confidence: 99%

“…However, the new daily deaths due to coronavirus positively influenced stock market returns in emerging markets. The study has only considered market return as a dependent variable, while it has been suggested that future research should consider other dependent variables (e.g., market volatility) [ 55 ].…”

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

COVID-19 pandemic and financial market volatility: A quantile regression approach

Ullah,

Khan,

Hashmi

et al. 2023

Heliyon

Self Cite

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Section: Methodsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

COVID-19 pandemic and financial market volatility: A quantile regression approach

Ullah,

Khan,

Hashmi

et al. 2023

Heliyon

Self Cite

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“…These results were relatively expected because the regulation in question did not take into account some principles of the theoretical framework retained by this work, in particular plenty prudence, coregulation and a sufficient analysis of the macroeconomic consequences on the countries' situations. In fact, global economies were already greatly weakened by the coronavirus pandemic (Ullah, 2022).…”

Section: Case Study Related To Adjusted Variant Of Radial Measure Abo...mentioning

confidence: 99%

Methods of regulatory impact assessment: critical analysis and alternative method

El Kadiri Boutchich

2023

JFRC

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Purpose This study aims to carry out a critical analysis of the methods used to deal with the regulatory impact assessment while proposing an alternative method to overcome some of the drawbacks of the aforementioned methods. Design/methodology/approach To achieve the objective of this work, the methods currently used in regulatory impact analysis are presented by highlighting their scope and the problems they may pose during their applications. After that, the adjusted variant of radial measure is suggested as an alternative method to the aforementioned methods while showing its relevance with regard to other methods using pertinent criteria. Finally, for concretization, a case study related to the sanctions against Russia after its invasion of Ukraine is presented. Findings The findings show that regulations related to the sanctions against Russia are good enough, with a score of 0.846. However, this score is less good in several countries like Germany (0.671), Italy (0.677) and France (0.745) and in the poorest countries. Originality/value The originality of this work resides in using a novel method in the regulatory impact analysis field, which is adjusted variant of radial measure. This method increases the effectiveness of the regulatory impact assessment.

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“…Банки обязались предоставлять кредиты по себестоимости. В конце мая 2020 года были предоставлены кредиты более чем 400 000 предприятиям 5 . США выбрали несколько иной подход, опираясь на программу банковских кредитов для малых 2 Cirera X., Cruz M., Grover A., Lacovone L., Medvedev и средних предприятий (МСП), которые могут быть частично или полностью превращены в финансируемые государством гранты в зависимости от доли сохраненных работников.…”

Section: Introductionunclassified

Systemically important organizations in the competition for government support

Demidova¹

2022

Vektor nauki Tol'yattin. gos. univ., Ser. Ekon. upr.

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The paper covers the analysis of the status of systemically important organizations and the review of government support measures in comparison with international experience. The principles of differentiating various groups of organizations are specific for each country; typically, scale criterion and industry criterion are used. Such selection becomes the most relevant in the crisis periods, when the immediate economy support measures are required. The identification of backbone organizations has been used in domestic practice since 2008, and in 2020, it was consolidated and expanded, the number of organizations increased at the national and regional levels. Moreover, the author notes the shift in the approach to the backbone organizations’ classification: the broadening of a “systemically important” status, the selection complexity, and the transition to the industry-based approach. Funded bank credits are of special interest among the government support measures. The crediting mechanism involves both a borrower and a creditor and ministries and a government agent. The author specifies the risks of this supporting measure related to possible availability limitation for other groups of organizations. Bankruptcy moratorium limitation is also specified as a competitive environment counterfactor. Medium-scale enterprises became the direct competitors to the backbone organizations in obtaining supporting measures. The author concludes that the systemically important status ensures the preference when obtaining government support as a priority. Moreover, the study identified the absence of demand for some measures from the backbone organizations. Alongside, risks for the organizations included in this group occur. Additional requirements for the analysis of economic and financial activities and monitoring are imposed. There are risks of being on the sanction lists, which may limit the circle of organization’s potential counterparts. The author proposes changing the approach to grouping organizations for government support specifying the industry-based priority, which will ensure greater transparency and objectivity when providing government support measures. The groundwork for the support tools improvement is associated with the possibility of restructuring the allowable loans.

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Impact of COVID-19 Pandemic on Financial Markets: a Global Perspective

Cited by 33 publications

References 68 publications

COVID-19 pandemic and financial market volatility: A quantile regression approach

COVID-19 pandemic and financial market volatility: A quantile regression approach

Methods of regulatory impact assessment: critical analysis and alternative method

Systemically important organizations in the competition for government support

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