<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>This paper analyses the structural changes of the underlying stock and currency markets as well as the industrial productions by using a minimum spanning tree graph on a Central and East European sample. The aim is to point out the similarities and differences of the COVID-19 pandemic compared to previous recessions, namely the Dot-com crisis in the early 2000s and the Subprime crisis around 2008. Focusing on the incidence, closeness, and betweenness properties of the graph, we are looking for the emergence of a shock-propagating hub. We identify such a hub during the Subprime crisis but not during the COVID-19 pandemic, which points to the higher efficiency of the economic policy to absorb the worst effects of the crisis.</p>
</abstract>

This paper analyses the structural changes of the underlying stock and currency markets as well as the industrial productions by using a minimum spanning tree graph on a Central and East European sample. The aim is to point out the similarities and differences of the COVID-19 pandemic compared to previous recessions, namely the Dot-com crisis in the early 2000s and the Subprime crisis around 2008. Focusing on the incidence, closeness, and betweenness properties of the graph, we are looking for the emergence of a shock-propagating hub. We identify such a hub during the Subprime crisis but not during the COVID-19 pandemic, which points to the higher efficiency of the economic policy to absorb the worst effects of the crisis.

Differences in Capital Market Network Structures under COVID-19

Division of Finance, Faculty of Economics and Business Administration

Doctoral School in Economics, Faculty of Economics and Business Administration

Acta Universitatis Sapientiae, Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Differences in Capital Market Network Structures under COVID-19"}

This paper analyses the structural changes of the underlying stock and currency markets as well as the industrial productions by using a minimum spanning tree...

Differences in Capital Market Network Structures under COVID-19

Pubblicato online: 13 ott 2022

Pagine: 15 - 28

DOI: https://doi.org/10.2478/auseb-2022-0002

Parole chiave
COVID-19, network, minimum spanning tree graph, CEE

© 2022 Gábor Dávid Kiss, et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Differences in Capital Market Network Structures under COVID-19

Pubblicato online: 13 ott 2022

Pagine: 15 - 28

DOI: https://doi.org/10.2478/auseb-2022-0002

Parole chiaveCOVID-19, network, minimum spanning tree graph, CEE

© 2022 Gábor Dávid Kiss, et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Parole chiave
COVID-19, network, minimum spanning tree graph, CEE