Stock market contagion during the COVID-19 pandemic in emerging economies

The purpose of this paper is to examine the connected dynamics of the affected Asian financial markets and global financial market in relation to the outbreak of the coronavirus (COVID-19) pandemic. We particularly examine the temporal dependence and connectedness of the affected markets with the gl...

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Autores principales: Uddin, Gazi Salah, Yahya, Muhammad, Goswami, Gour Gobinda, Lucey, Brian, Ahmed, Ali
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Authors. Published by Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8845436/
http://dx.doi.org/10.1016/j.iref.2022.02.028
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author Uddin, Gazi Salah
Yahya, Muhammad
Goswami, Gour Gobinda
Lucey, Brian
Ahmed, Ali
author_facet Uddin, Gazi Salah
Yahya, Muhammad
Goswami, Gour Gobinda
Lucey, Brian
Ahmed, Ali
author_sort Uddin, Gazi Salah
collection PubMed
description The purpose of this paper is to examine the connected dynamics of the affected Asian financial markets and global financial market in relation to the outbreak of the coronavirus (COVID-19) pandemic. We particularly examine the temporal dependence and connectedness of the affected markets with the global financial market by using the time-varying dependence approach in a time-frequency space under COVID-19. Our findings indicate a strong, positive dependence among the investigated markets’ due to the outbreak of COVID-19. In addition, we report an increased tendency of co-movements over the higher horizon which is documented by COVID-19. These findings are of significant interest for market participants, policymakers, and international investors.
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spelling pubmed-88454362022-02-15 Stock market contagion during the COVID-19 pandemic in emerging economies Uddin, Gazi Salah Yahya, Muhammad Goswami, Gour Gobinda Lucey, Brian Ahmed, Ali International Review of Economics & Finance Article The purpose of this paper is to examine the connected dynamics of the affected Asian financial markets and global financial market in relation to the outbreak of the coronavirus (COVID-19) pandemic. We particularly examine the temporal dependence and connectedness of the affected markets with the global financial market by using the time-varying dependence approach in a time-frequency space under COVID-19. Our findings indicate a strong, positive dependence among the investigated markets’ due to the outbreak of COVID-19. In addition, we report an increased tendency of co-movements over the higher horizon which is documented by COVID-19. These findings are of significant interest for market participants, policymakers, and international investors. The Authors. Published by Elsevier Inc. 2022-05 2022-02-15 /pmc/articles/PMC8845436/ http://dx.doi.org/10.1016/j.iref.2022.02.028 Text en © 2022 The Authors Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Uddin, Gazi Salah
Yahya, Muhammad
Goswami, Gour Gobinda
Lucey, Brian
Ahmed, Ali
Stock market contagion during the COVID-19 pandemic in emerging economies
title Stock market contagion during the COVID-19 pandemic in emerging economies
title_full Stock market contagion during the COVID-19 pandemic in emerging economies
title_fullStr Stock market contagion during the COVID-19 pandemic in emerging economies
title_full_unstemmed Stock market contagion during the COVID-19 pandemic in emerging economies
title_short Stock market contagion during the COVID-19 pandemic in emerging economies
title_sort stock market contagion during the covid-19 pandemic in emerging economies
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8845436/
http://dx.doi.org/10.1016/j.iref.2022.02.028
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