Integration of financial markets during COVID-19: a dynamic correlation analysis on Euronext

被引：0

作者：

Espinosa-Mendez, Christian ^{[1
]}

机构：

[1] Univ Santiago Chile, Fac Adm & Econ, Dept Adm, Santiago, Chile

来源：

APPLIED ECONOMICS LETTERS | 2023年 / 30卷 / 03期

关键词：

Stock exchange merger; COVID-19; Euronext; dynamic conditional correlation;

D O I：

10.1080/13504851.2021.1983133

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article investigates the reaction of integrated financial markets to the COVID-19 pandemic. Using a dynamic conditional correlation model on Euronext Stock Exchange, I find that the integration of financial markets can act as a buffer against negative shocks such as COVID-19. However, this benefit begins to fade as the number of deaths from COVID-19 increases. In this case, a negative relationship with the dynamic correlation is found in some pairs of member countries.

引用

页码：264 / 268

页数：5

共 50 条

[1] Dynamic Correlation between the Chinese and the US Financial Markets: From Global Financial Crisis to COVID-19 Pandemic
Liu, Jianxu
Wan, Yang
Qu, Songze
Qing, Ruihan
Sriboonchitta, Songsak
AXIOMS, 2023, 12 (01)
[2] Financial markets' responses to COVID-19: A comparative analysis
Kapalu, Njamba
Kodongo, Odongo
HELIYON, 2022, 8 (09)
[3] Financial Markets and the COVID-19 Pandemic
Gormsen, Niels J.
Koijen, Ralph S. J.
ANNUAL REVIEW OF FINANCIAL ECONOMICS, 2023, 15 : 69 - 89
[4] COVID-19 and Financial Markets: A Panel Analysis for European Countries
Klose, Jens
Tillmann, Peter
JAHRBUCHER FUR NATIONALOKONOMIE UND STATISTIK, 2021, 241 (03): : 297 - 347
[5] The transition of the global financial markets? connectedness during the COVID-19 pandemic
Maneejuk, Paravee
Kaewtathip, Nuttaphong
Jaipong, Peemmawat
Yamaka, Woraphon
NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE, 2022, 63
[6] Google search volumes and the financial markets during the COVID-19 outbreak
Costola, Michele
Iacopini, Matteo
Santagiustina, Carlo R. M. A.
FINANCE RESEARCH LETTERS, 2021, 42
[7] How resilient are Islamic financial markets during the COVID-19 pandemic?
Hasan, Md. Bokhtiar
Rashid, Md. Mamunur
Shafiullah, Muhammad
Sarker, Tapan
PACIFIC-BASIN FINANCE JOURNAL, 2022, 74
[8] The Covid-19 Pandemic and Digitalization in Financial Markets
Sendur, Yesim
ISTANBUL IKTISAT DERGISI-ISTANBUL JOURNAL OF ECONOMICS, 2022, 72 (02): : 1025 - 1038
[9] Risk Taker or Driver: An Empirical Analysis of US Financial Markets during the COVID-19 Pandemic
Wang, Dong
Huang, Lixin
Li, Ping
2020 INTERNATIONAL CONFERENCE ON IDENTIFICATION, INFORMATION AND KNOWLEDGE IN THE INTERNET OF THINGS (IIKI2020), 2021, 187 : 554 - 558
[10] Temporal changes in global stock markets during COVID-19: an analysis of dynamic networks
Zaheer, Kashif
Aslam, Faheem
Tariq Mohmand, Yasir
Ferreira, Paulo
CHINA FINANCE REVIEW INTERNATIONAL, 2023, 13 (01) : 23 - 45

← 1 2 3 4 5 →