The International Spread of COVID-19 Stock Market Collapses
Silvio Contessi and
Pierangelo De Pace ()
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Silvio Contessi: Monash Business School
Economics Department, Working Paper Series from Economics Department, Pomona College
We identify periods of mildly explosive dynamics and collapses in the stock markets of 18 major countries during the COVID-19 pandemic of 2020. We find statistical evidence of instability transmission from the Chinese stock market to all other markets. The recovery is heterogeneous and not explosive in all markets.
Keywords: Mildly Explosive Behavior; Stock Market Crashes; COVID-19 (search for similar items in EconPapers)
Date: 2020-06-20, Revised 2020-06-25
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Persistent link: https://EconPapers.repec.org/RePEc:clm:pomwps:1013
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