Pandemics and Financial Assets

Pattarake Sarajoti, Pattanaporn Chatjuthamard and Suwongrat Papangkorn

A chapter in Banking and Accounting Issues from IntechOpen

Abstract: There have been several pandemics in the history of mankind. One of the major pandemics was the Spanish flu that took place in 1918, in which millions of lives were lost globally. Despite significant advances in science and medicine since then, the COVID-19 pandemic has still caused major impacts around the world. As evidenced, pandemics not only cause social and public health implications, but also cause effects on the economy as well. This chapter addresses the ill effects of pandemics on the economy and presents how the financial markets and financial institutions were influenced and how they responded to the pandemics. More specifically, this chapter identifies the effects of the pandemics on various assets (e.g., crude oil, gold, currencies, equity, bonds, and cryptocurrencies) around the world. In addition, the chapter also presents evidence of corporates' characteristics relative to their responses to the ill effects of the pandemics.

Keywords: pandemics; COVID19; capital markets; financial markets; financial assets; corporate governance (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:261732

DOI: 10.5772/intechopen.103972

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