COVID19: A blessing in disguise for European stock markets?

Chi-Wei Su, Syed Kumail Abbas Rizvi, Bushra Naqvi, Nawazish Mirza and Muhammad Umar

Finance Research Letters, 2022, vol. 49, issue C

Abstract: This study aims to bridge the gap that has remained unfilled after the initial scrutiny and reporting of the damaging effects of Covid-19 on financial markets. The study analyzes 10 European stock markets and compares their pre and post covid return dynamics. Our findings are surprisingly pleasant, albeit counterintuitive to some. We observe a quick and unprecedented recovery in the European stock market, yielding significantly higher returns post covid, given a reasonably large holding period. We also observe an alteration and change in the status quo of countries while transmitting or receiving cross-market spillovers.

Keywords: Covid19; Europe; Eastern Europe; Stock markets; Connectedness; Spillovers (search for similar items in EconPapers)
JEL-codes: G15 G41 Q41 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:49:y:2022:i:c:s1544612322003580

DOI: 10.1016/j.frl.2022.103135

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