Acceso abierto

Time Scales Based Analysis of the Effects of COVID-19 Related Economic Support on the Stock Markets in Emerging Markets


Cite

Al-Awadhi, A. M., Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns. Journal of Behavioral and Experimental Finance, 27, 100326. https://doi.org/10.1016/j.jbef.2020.100326Search in Google Scholar

Ali, M., Alam, N., & Rizvi, S. A. R. (2020). Coronavirus (COVID-19) - An epidemic or pandemic for financial markets. Journal of Behavioral and Experimental Finance, 27, 100341. https://doi.org/10.1016/j.jbef.2020.100341Search in Google Scholar

Ashraf, B. N. (2020). Stock markets’ reaction to COVID-19: Cases or fatalities? Research in International Business and Finance, 54, 101249. https://doi.org/10.1016/j.ribaf.2020.101249Search in Google Scholar

Balcilar, M., Ozdemir, Z. A., & Arslanturk, Y. (2010). Economic growth and energy consumption causal nexus viewed through a bootstrap rolling window. Energy Economics, 32(6), 1398–1410. https://doi.org/10.1016/j.eneco.2010.05.015Search in Google Scholar

Chang, C. P., Feng, G. F., & Zheng, M. (2021). Government fighting pandemic, stock market return, and COVID-19 virus outbreak. Emerging Markets Finance and Trade, 57(8), 2389-2406.Search in Google Scholar

Chen, C., Liu, L., & Zhao, N. (2020). Fear sentiment, uncertainty, and bitcoin price dynamics: The case of COVID-19. Emerging Markets Finance and Trade, 56(10), 2298-2309. https://doi.org/10.1080/1540496X.2020.1787150Search in Google Scholar

Efron, B. (1992). Bootstrap methods: another look at the jackknife. In Breakthroughs in statistics (pp. 569-593). Springer, New York, NY. https://doi.org/10.1007/978-1-4612-4380-9_41 Search in Google Scholar

Erdem, O. (2020). Freedom and stock market performance during COVID-19 outbreak. Finance Research Letters, 36, 101671. https://doi.org/10.1016/j.frl.2020.101671Search in Google Scholar

Fernandez-Perez, A., Gilbert, A., Indriawan, I., & Nguyen, N. H. (2021). COVID-19 pandemic and stock market response: A culture effect. Journal of Behavioral and Experimental Finance, 29, 100454. https://doi.org/10.1016/j.jbef.2020.100454Search in Google Scholar

Gallant, A. Ronald. (1981). On the bias in flexible functional forms and an essentially unbiased form. Journal of Econometrics, 15(2), 211–245. https://doi.org/10.1016/0304-4076(81)90115-9Search in Google Scholar

Gao, X., Ren, Y., & Umar, M. (2022). To what extent does COVID-19 drive stock market volatility? A comparison between the US and China. Economic Research-Ekonomska Istraživanja, 35(1), 1686-1706. https://doi.org/10.1080/1331677X.2021.1906730Search in Google Scholar

Gil-Alana, L. A., & Claudio-Quiroga, G. (2020). The COVID-19 IMPACT on the ASIAN STOCK MARKETS. Asian Economics Letters, 1(2). https://doi.org/10.46557/001c.17656Search in Google Scholar

Gormsen, N. J., & Koijen, R. S. J. (2020). Coronavirus: Impact on Stock Prices and Growth Expectations. The Review of Asset Pricing Studies, 10(4), 574–597. https://doi.org/10.1093/rapstu/raaa013Search in Google Scholar

Gu, X., Ying, S., Zhang, W., & Tao, Y. (2020). How do firms respond to COVID-19? First evidence from Suzhou, China. Emerging Markets Finance and Trade, 56(10), 2181-2197. https://doi.org/10.1080/1540496X.2020.1789455Search in Google Scholar

Ha, J., Tan, P.-P., & Goh, K.-L. (2018). Linear and nonlinear causal relationship between energy consumption and economic growth in China: New evidence based on wavelet analysis. PloS one, 13(5), e0197785. https://doi.org/10.1371/journal.pone.0197785 Search in Google Scholar

Hacker, R. S., & Hatemi-J, A. (2006). Tests for causality between integrated variables using asymptotic and bootstrap distributions: theory and application. Applied Economics, 38(13), 1489-1500. https://doi.org/10.1080/00036840500405763Search in Google Scholar

Hale, T., Angrist, N., Goldszmidt, R., Kira, B., Petherick, A., Phillips, T., Webster, S., Cameron-Blake, E., Hallas, L., Majumdar, S., & Tatlow, H. (2021). A global panel database of pandemic policies (Oxford COVID-19 Government Response Tracker). Nature Human Behaviour, 5(4), 529–538. https://doi.org/10.1038/s41562-021-01079-8Search in Google Scholar

Haroon, O., & Rizvi, S. A. R. (2020). COVID-19: Media coverage and financial markets behavior—A sectoral inquiry. Journal of Behavioral and Experimental Finance, 27, 100343. https://doi.org/10.1016/j.jbef.2020.100343Search in Google Scholar

Hatemi-J, A. (2002). Export performance and economic growth nexus in Japan: a bootstrap approach. Japan and the World Economy, 14(1), 25–33. https://doi.org/10.1016/s0922-1425(01)00071-8Search in Google Scholar

He, P., Sun, Y., Zhang, Y., & Li, T. (2020a). COVID–19’s impact on stock prices across different sectors-An event study based on the Chinese stock market. Emerging Markets Finance and Trade, 56(10), 2198-2212. https://doi.org/10.1080/1540496X.2020.1785865Search in Google Scholar

He, P., Niu, H., Sun, Z., & Li, T. (2020b). Accounting index of COVID-19 impact on Chinese industries: A case study using big data portrait analysis. Emerging Markets Finance and Trade, 56(10), 2332-2349. https://doi.org/10.1080/1540496X.2020.1785866Search in Google Scholar

International Monetary Fund (2021). International Monetary Fund Policy Responses To COVID-19. available at: https://www.imf.org/en/Topics/imfand-covid19/Policy-Responses-to-COVID-19#C (accessed 29 September 2022)Search in Google Scholar

Iyke, B. N. (2020a). The disease outbreak channel of exchange rate return predictability: Evidence from COVID-19. Emerging Markets Finance and Trade, 56(10), 2277-2297. https://doi.org/10.1080/1540496X.2020.1784718 Search in Google Scholar

Iyke, B. N. (2020b). Economic policy uncertainty in times of COVID-19 pandemic. Asian Economics Letters, 1(2). https://doi.org/10.46557/001c.17665Search in Google Scholar

Kozińska, M. (2022). CEE EU Central Banks’ Policy during the First Wave of COVID-19. Journal of Central Banking Theory and Practice, 11(3) 5-32. https://doi.org/10.2478/jcbtp-2022-0021Search in Google Scholar

Luburić, R. (2021). Crisis Prevention and the Coronavirus Pandemic as a Global and Total Risk of Our Time. Journal of Central Banking Theory and Practice, 10(1) 55-74. https://doi.org/10.2478/jcbtp-2021-0003Search in Google Scholar

Li, C., Su, C. W., Altuntaş, M., & Li, X. (2022). COVID-19 and stock market nexus: evidence from Shanghai Stock Exchange. Economic Research-Ekonomska Istraživanja, 35(1), 2351-2364. https://doi.org/10.1080/1331677X.2021.1941181Search in Google Scholar

Liu, Z., Huynh, T. L. D., & Dai, P.-F. (2021). The impact of COVID-19 on the stock market crash risk in China. Research in International Business and Finance, 57, 101419. https://doi.org/10.1016/j.ribaf.2021.101419Search in Google Scholar

Lou, J., Shen, X., & Niemeier, D. (2020). Are stay-at-home orders more difficult to follow for low-income groups? Journal of Transport Geography, 89, 102894. https://doi.org/10.1016/j.jtrangeo.2020.102894Search in Google Scholar

Lyócsa, Š., Baumöhl, E., Výrost, T., & Molnár, P. (2020). Fear of the coronavirus and the stock markets. Finance Research Letters, 36, 101735. https://doi.org/10.1016/j.frl.2020.101735Search in Google Scholar

Lyócsa, Š., & Molnár, P. (2020). Stock market oscillations during the corona crash: The role of fear and uncertainty. Finance Research Letters, 36, 101707. https://doi.org/10.1016/j.frl.2020.101707Search in Google Scholar

Mantalos, P. (2000). A Graphical Investigation of the Size and Power of the Granger-Causality Tests in Integrated-Cointegrated VAR Systems. Studies in Nonlinear Dynamics & Econometrics, 4(1). https://doi.org/10.2202/1558-3708.1053Search in Google Scholar

Mishra, A.K., Rath, B.N., & Dash, A.K. (2020). Does the Indian financial market nosedive because of COVID-19 outbreak, in comparison to after demonetisation and the GST?. Emerging Markets Finance and Trade, 56(10), 2162-2180. https://doi.org/10.1080/1540496X.2020.1785425 Search in Google Scholar

Narayan, P. K., Phan, D. H. B., & Liu, G. (2021). COVID-19 lockdowns, stimulus packages, travel bans, and stock returns. Finance Research Letters, 38, 101732. https://doi.org/10.1016/j.frl.2020.101732Search in Google Scholar

Nazlioglu, S., Gormus, N. A., & Soytas, U. (2016). Oil prices and real estate investment trusts (REITs): Gradual-shift causality and volatility transmission analysis. Energy Economics, 60, 168–175. https://doi.org/10.1016/j.eneco.2016.09.009Search in Google Scholar

Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C., Agha, M., & Agha, R. (2020). The socio-economic implications of the coronavirus pandemic (COVID-19): A review. International Journal of Surgery, 78, 185–193. https://doi.org/10.1016/j.ijsu.2020.04.018Search in Google Scholar

Phan, D. H. B., & Narayan, P. K. (2020). Country responses and the reaction of the stock market to COVID-19—A preliminary exposition. Emerging Markets Finance and Trade, 56(10), 2138-2150. https://doi.org/10.1080/1540496X.2020.1784719Search in Google Scholar

Prabheesh, K.P. (2020). Dynamics of Foreign Portfolio Investment and Stock Market Returns During the COVID-19 Pandemic: Evidence From India. Asian Economics Letters, 1(2). https://doi.org/10.46557/001c.17658Search in Google Scholar

Rahman, M. L., Amin, A., & Al Mamun, M. A. (2021). The COVID-19 outbreak and stock market reactions: Evidence from Australia. Finance Research Letters, 38, 101832. https://doi.org/10.1016/j.frl.2020.101832Search in Google Scholar

Salisu, A. A., & Akanni, L. O. (2020). Constructing a global fear index for the COVID-19 pandemic. Emerging Markets Finance and Trade, 56(10), 2310-2331. https://doi.org/10.1080/1540496X.2020.1785424Search in Google Scholar

Sharma, S. S. (2020). A Note on the Asian Market Volatility During the COVID-19 Pandemic. Asian Economics Letters, 1(2). https://doi.org/10.46557/001c.17661Search in Google Scholar

Sun, Y., Wu, M., Zeng, X., & Peng, Z. (2021). The impact of COVID-19 on the Chinese stock market: Sentimental or substantial? Finance Research Letters, 38, 101838. https://doi.org/10.1016/j.frl.2020.101838Search in Google Scholar

Toda, H. Y., & Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of econometrics, 66(1-2), 225-250. https://doi.org/10.1016/0304-4076(94)01616-8Search in Google Scholar

Topcu, M., & Gulal, O. S. (2020). The impact of COVID-19 on emerging stock markets. Finance Research Letters, 36, 101691. https://doi.org/10.1016/j.frl.2020.101691Search in Google Scholar

World Bank, 2022. World Bank Global Financial Development Database. Available at: https://www.worldbank.org/en/publication/gfdr/data/global-financial-development-database (accessed 26 September 2022)Search in Google Scholar

Wright, A. L., Sonin, K., Driscoll, J., & Wilson, J. (2020). Poverty and economic dislocation reduce compliance with COVID-19 shelter-in-place protocols. Journal of Economic Behavior & Organization, 180, 544–554. https://doi.org/10.1016/j.jebo.2020.10.008Search in Google Scholar

Xiong, H., Wu, Z., Hou, F., & Zhang, J. (2020). Which firm-specific characteristics affect the market reaction of Chinese listed companies to the COVID-19 pandemic?. Emerging Markets Finance and Trade, 56(10), 2231-2242. https://doi.org/10.1080/1540496X.2020.1787151Search in Google Scholar

Yang, H., & Deng, P. (2021). The Impact of COVID-19 and Government Intervention on Stock Markets of OECD Countries. Asian Economics Letters, 1(4). https://doi.org/10.46557/001c.18646Search in Google Scholar

Zaremba, A., Kizys, R., Aharon, D. Y., & Demir, E. (2020). Infected Markets: Novel Coronavirus, Government Interventions, and Stock Return Volatility around the Globe. Finance Research Letters, 35, 101597. https://doi.org/10.1016/j.frl.2020.101597Search in Google Scholar

Zhang, D., Hu, M., & Ji, Q. (2020). Financial markets under the global pandemic of COVID-19. Finance Research Letters, 36, 101528. https://doi.org/10.1016/j.frl.2020.101528Search in Google Scholar

eISSN:
2336-9205
Idioma:
Inglés
Calendario de la edición:
3 veces al año
Temas de la revista:
Business and Economics, Business Management, other