Financial markets under the global pandemic of COVID-19

Dayong Zhang, Min Hu and Qiang Ji

Finance Research Letters, 2020, vol. 36, issue C

Abstract: The rapid spread of coronavirus (COVID-19) has dramatic impacts on financial markets all over the world. It has created an unprecedented level of risk, causing investors to suffer significant loses in a very short period of time. This paper aims to map the general patterns of country-specific risks and systemic risks in the global financial markets. It also analyses the potential consequence of policy interventions, such as the US’ decision to implement a zero-percent interest rate and unlimited quantitative easing (QE), and to what extent these policies may introduce further uncertainties into global financial markets.

Keywords: Coronavirus; Financial markets; Pandemic; Quantitative easing; Systemic risk (search for similar items in EconPapers)
JEL-codes: G15 G18 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (734)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:36:y:2020:i:c:s1544612320304050

DOI: 10.1016/j.frl.2020.101528

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