COVID-19 impacts on financial markets: Takeaways from the third wave

Hamza Bouhali (), Ahmed Dahbani () and Brahim Dinar ()
Additional contact information
Hamza Bouhali: Mohammadia School of Engineering, Rabat, Morocco
Ahmed Dahbani: Hassan 1st University, Settat, Morocco
Brahim Dinar: Hassan 1st University, Settat, Morocco

Russian Journal of Economics, 2021, vol. 7, issue 3, 200-212

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 in 2021. Our methodology is based on a comparative approach using a multivariate hetero­scedasticity 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).

Keywords: COVID-19; exchange; rates; vaccine; financial; market. (search for similar items in EconPapers)
JEL-codes: E52 F31 G15 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://rujec.org/article/65328/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arh:jrujec:v:7:y:2021:i:3:p:200-212

DOI: 10.32609/j.ruje.7.65328

Access Statistics for this article

Russian Journal of Economics is currently edited by Alexey Kudrin

More articles in Russian Journal of Economics from ARPHA Platform
Bibliographic data for series maintained by Teodor Georgiev ().