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COVID-19 impacts on financial markets: Takeaways from the third wave
[journal article]
Abstract This study provides an updated analysis of the impact of COVID-19 daily contaminations and vaccinations on the financial markets by incorporating the third wave observed in2021. Our methodology is based on a comparative approach using a multivariate hetero-scedasticity model and data from the Eurozo... view more
This study provides an updated analysis of the impact of COVID-19 daily contaminations and vaccinations on the financial markets by incorporating the third wave observed in2021. Our methodology is based on a comparative approach using a multivariate hetero-scedasticity model and data from the Eurozone and ten other countries from different economies. Our results show that COVID-19 contaminations and vaccinations strongly affected most of the countries in our sample (except for the UK, Russia and India in the case of COVID-19 contaminations). We also found that optimistic market sentiment concerning the evolution of the pandemic prevailed among the countries forming our sample (except for Switzerland, Russia and India).... view less
Keywords
vaccination; financial market; epidemic; contagious disease; rate of exchange
Classification
National Economy
Free Keywords
COVID-19; exchange rates; vaccine
Document language
English
Publication Year
2021
Page/Pages
p. 200-212
Journal
Russian Journal of Economics, 7 (2021) 3
ISSN
2618-7213
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0