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

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