Openness, economic uncertainty, government responses, and international financial market performance during the coronavirus pandemic

Huynh, Nhan; Dao, Anh; Nguyen, Dat Thanh

doi:10.1016/j.jbef.2021.100536

Cited by 45 publications

(23 citation statements)

References 27 publications

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“…Besides, the rise in recovery cases reduces uncertainty [ 16 ]. Moreover, other studies using other proxies such as the pandemic fear index, world uncertainty index, and economic policy uncertainty index to investigate this relationship have revealed the same conclusion [ 8 , 17 , 18 ].…”

Section: Introductionmentioning

confidence: 60%

When the market got the first dose: Stock volatility and vaccination campaign in COVID-19 period

Bao

Nguyen

2023

Heliyon

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Section: Introductionmentioning

confidence: 60%

When the market got the first dose: Stock volatility and vaccination campaign in COVID-19 period

Bao

Nguyen

2023

Heliyon

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“…The three models above were tested using a panel data clustered standard error fixed effect (CSEFE) estimation since there were multiple banks in multiple countries across time. In addition, the panel data (CSEFE) estimation was employed to obtain control of the time-varying link between bank stock returns and all independent variables; Huynh et al (2021). Moreover, panel data (CSEFE) estimation minimized heteroscedasticity and multi-collinearity (Huynh et al 2021;Wooldridge 2010).…”

Section: Methodsmentioning

confidence: 99%

“…In addition, the panel data (CSEFE) estimation was employed to obtain control of the time-varying link between bank stock returns and all independent variables; Huynh et al (2021). Moreover, panel data (CSEFE) estimation minimized heteroscedasticity and multi-collinearity (Huynh et al 2021;Wooldridge 2010).…”

Section: Methodsmentioning

confidence: 99%

Bank Stock Return Reactions to the COVID-19 Pandemic: The Role of Investor Sentiment in MENA Countries

Albaity

Mallek

Mustafa

2022

Risks

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In this study, we investigated the impact of COVID-19 investor sentiment (CS), number of cases (CC), and deaths (CD) on bank stock returns in 16 MENA countries. In addition, we examined the interaction effects of CS with CC and CD on bank stock returns. Lastly, we looked at whether Islamic banks outperformed conventional banks during the pandemic. Based on monthly data from the Middle East and North Africa (MENA) countries from February 2020 to July 2021, we used the clustered standard error fixed effect estimation on Islamic and conventional bank stock market returns. The results suggest that CC and CD have negative impacts on bank stock market returns while CS has no effect, except for the lagged value. The interaction effect of CS with CC and CD on stock returns proved to strengthen the link in the current month and weaken the link in the previous month.

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“…Developed countries have provided comprehensive information on the state of play. This impacted investors' behavior, equity returns, and thus overall economic efficiency (Huynh et al, 2021). The COVID-19 pandemic has also been affected to varying degrees by country.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of the COVID-19 pandemic on the economic development of EU countries

Petraškevičius

Ginevičius

Bracio

et al. 2022

Problems and Perspectives in Management

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One of the essential consequences of the COVID-19 pandemic is a slowdown in economic development, which is reflected in an integrated way by the Gross Domestic Product per inhabitant of the country. However, its dimensions are not the same for individual countries of the European Union, so it is crucial to determine what circumstances led to this phenomenon. Therefore, the purpose of this study is to determine individual EU countries’ losses caused by the COVID-19 pandemic and the circumstances they depended on. Correlation-regression analysis was used, which made it possible to calculate what effect the countries’ economic development level and the intensity of its positive changes on the eve of the COVID-19 pandemic had on the losses incurred. In 2018, it was found that this relationship is very strong (the value of the correlation coefficient r equals 0.8 and 0.7, respectively). The study’s results highlighted the regularity – economic development slowed down the least in those countries where it was in the best condition, and the positive development changes were the most intense. It was found that in the ten most developed EU countries, economic growth slowed down because of the COVID-19 pandemic by approximately 2.3%, and in the rest of the countries – 5.1%. According to the slow-down of economic development, insensitiveness was approximately 3.45 and 5.46%.

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Openness, economic uncertainty, government responses, and international financial market performance during the coronavirus pandemic

Cited by 45 publications

References 27 publications

When the market got the first dose: Stock volatility and vaccination campaign in COVID-19 period

When the market got the first dose: Stock volatility and vaccination campaign in COVID-19 period

Bank Stock Return Reactions to the COVID-19 Pandemic: The Role of Investor Sentiment in MENA Countries

Impact of the COVID-19 pandemic on the economic development of EU countries

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