The DOI matches its Crossref record; 35 of the 35 references it cites were found in a registry or an index.
Infected Markets: Novel Coronavirus, Government Interventions, and Stock Return Volatility around the Globe
Open accessAbstract
Do government interventions aimed at curbing the spread of COVID-19 affect stock market volatility? To answer this question, we explore the stringency of policy responses to the novel coronavirus pandemic in 67 countries around the world. We demonstrate that non-pharmaceutical interventions significantly increase equity market volatility. The effect is independent from the role of the coronavirus pandemic itself and is robust to many considerations. Furthermore, two types of actions that are usually applied chronologically particularly early-information campaigns and public event cancellations-are the major contributors to the growth of volatility.
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Cites
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Financial markets under the global pandemic of COVID-19
Zhang, D., Hu, M., & Ji, Q. (2020) · Finance Research Letters · doi:10.1016/j.frl.2020.101528 · Cited by 2,341
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Economic Effects of Coronavirus Outbreak (COVID-19) on the World Economy
Fernandes, N. (2020) · SSRN Electronic Journal · doi:10.2139/ssrn.3557504 · Cited by 1,881
Differences of Opinion Make a Horse Race
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COVID-19 and finance: Agendas for future research
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Cited by
Non-pharmaceutical interventions during the COVID-19 pandemic: A review
Perra, N. (2021) · Physics Reports · doi:10.1016/j.physrep.2021.02.001 · Cited by 531
The economics of COVID-19 pandemic: A survey
Padhan, R., & Prabheesh, K. P. (2021) · Economic Analysis and Policy · doi:10.1016/j.eap.2021.02.012 · Cited by 422
Market reactions to the arrival and containment of COVID-19: An event study
Heyden, K. J., & Heyden, T. (2021) · Finance Research Letters · doi:10.1016/j.frl.2020.101745 · Cited by 292
Japanese currency and stock market—What happened during the COVID-19 pandemic?
Narayan, P. K., Devpura, N., & Wang, H. (2020) · Economic Analysis and Policy · doi:10.1016/j.eap.2020.09.014 · Cited by 268
Rethinking financial contagion: Information transmission mechanism during the COVID-19 pandemic
Yarovaya, L., Brzeszczyński, J., Goodell, J. W., Lucey, B., & Lau, C. K. M. (2022) · Journal of International Financial Markets, Institutions and Money · doi:10.1016/j.intfin.2022.101589 · Cited by 267
Metadata
- Authors
- Zaremba, A., Kizys, R., Aharon, D. Y., & Demir, E.
- Venue
- Finance Research Letters
- Publisher
- Elsevier BV
- Published
- 2020-07
- Volume
- 35
- Pages
- 101597
- ISSN
- 1544-6123 (ISSN-L)
- OpenAlex
- W3026812076
- Cited by
- 630
- References
- 35
- FWCI
- 103.05
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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