The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies [0.03%]
新冠疫情的传染效应：来自黄金和加密货币的证据
Shaen Corbet,Charles Larkin,Brian Lucey
Shaen Corbet
At the beginning of the 2020 global COVID-2019 pandemic, Chinese financial markets acted as the epicentre of both physical and financial contagion. Our results indicate that a number of characteristics expected during a "flight to safety" w...
COVID-19 and commodity pricing premium: Evidence from the Chinese market [0.03%]
新冠疫情与商品定价溢价——来自中国市场证据
Lu Zhang,Pei-Lin Hsieh,Haiqiang Chen
Lu Zhang
Our paper studies the impact of the COVID-19 epidemic on commodity pricing premiums in the Chinese commodity futures market. After summarizing the explanatory power of documented benchmark pricing factors, we apply the difference-in-differe...
Learning about unprecedented events: Agent-based modelling and the stock market impact of COVID-19 [0.03%]
基于代理的模型与COVID-19的股市影响
Davide Bazzana,Michele Colturato,Roberto Savona
Davide Bazzana
We model the learning process of market traders during the unprecedented COVID-19 event. We introduce a behavioural heterogeneous agents' model with bounded rationality by including a correction mechanism through representativeness (Gennaio...
Yimin Shan,Yang Chen,Yajun Xiao
Yimin Shan
We categorize expansionary monetary policies based on interest rates, monetary easing, and liquidity decisions. We find that the stock market reacts positively to liquidity policy announcements by a more significant margin during and after ...
Shift contagion and minimum causal intensity portfolio during the COVID-19 and the ongoing Russia-Ukraine conflict [0.03%]
新冠疫情与俄乌冲突下的传染效应和最小因果强度投资组合
Amine Ben Amar,Mondher Bouattour,Makram Bellalah et al.
Amine Ben Amar et al.
Using the TYDL causality test, this paper attempts (i) to investigate the existence of shift contagion among a large spectrum of financial markets during recent stress and stress-free periods and (ii) to propose a new approach of portfolio ...
Dung Viet Tran,Dien Giau Bui,Cuong Nguyen et al.
Dung Viet Tran et al.
This paper examines the association between bank liquidity hoarding (BLH) and the COVID-19 pandemic. Using a sample of U.S. banks and applying fixed effect estimators, we reveal that banks rack up liquidity assets and liabilities when the p...
Kyle D Allen,Ahmed Baig,Drew B Winters
Kyle D Allen
The Covid-19 Pandemic has increased the attention paid to money market funds. Using Covid-19 cases and a measure of lockdowns, shutdowns, etc., we analyze if money market fund investors and managers responded to the intensity of the pandemi...
COVID-19 vaccination and household savings: An economic recovery channel [0.03%]
新冠疫情接种与家庭储蓄：经济复苏渠道之一
He Ren,Yi Zheng
He Ren
The COVID-19 pandemic increased people's propensity for precautionary savings in response to economic recession (e.g., Mody et al., 2012; Gropp and McShane, 2021; Levine et al., 2021). However, as the relevant vaccine roll-out continues, it...
The efficiency of government finanical expenditures before and during the COVID-19 pandemic: A cross-country investigation [0.03%]
新冠肺炎疫情前后政府财政支出的效率差异：跨国家的实证研究
Huong Vu Van,Le Van Dao,Lich Khac Hoang et al.
Huong Vu Van et al.
This paper examines the way government spending affected productivity and its decomposition before and during the COVID-19 outbreak. Using panel data from 158 economies, the research shows that spending on health care increases productivity...
Financial market sentiment and stock return during the COVID-19 pandemic [0.03%]
新冠肺炎疫情下的金融市场情绪与股票收益关系研究
Chenjiang Bai,Yuejiao Duan,Xiaoyun Fan et al.
Chenjiang Bai et al.
Using 1,287,932 pieces of textual data from news media, we measure the financial market sentiment worldwide. We conduct the first international study of the effect of the financial market sentiment on stock return during the COVID-19 pandem...