COVID-19 containment measures and stock market returns: An international spatial econometrics investigation

We investigate the impact of governments’ social distancing measures against the novel coronavirus disease 2019 (COVID-19) as this was reflected on 45 major stock market indices. We find evidence of negative direct and indirect (spillover) effects for the initial period of containment measures (lock...

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Detalles Bibliográficos
Autores principales: Alexakis, Christos, Eleftheriou, Konstantinos, Patsoulis, Patroklos
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7694469/
https://www.ncbi.nlm.nih.gov/pubmed/33269212
http://dx.doi.org/10.1016/j.jbef.2020.100428
Descripción
Sumario:We investigate the impact of governments’ social distancing measures against the novel coronavirus disease 2019 (COVID-19) as this was reflected on 45 major stock market indices. We find evidence of negative direct and indirect (spillover) effects for the initial period of containment measures (lockdown).

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