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

Abstract: 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
New Economics Papers: this item is included in nep-rmg
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Citations: View citations in EconPapers (5)

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Journal Article: The international spread of COVID-19 stock market collapses (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:clm:pomwps:1013

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