What is it about?
After the outbreak of COVID-19, equity markets around the world were shaken, but not all were equally so. Here we analyse the relationship of more than 30 variables to the impact of the pandemic, and find a buoyant dampening effect on competitiveness as well as a pernicious one on income inequality.
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Photo by Alfarnas Solkar on Unsplash
Why is it important?
It deals with the search for variables that may explain why there were such disparate reactions in the equity markets after the start of COVID-19. In other words, why did investors punish some countries more than others? The answer could help institutions and little investors to cope with disrupted times.
Perspectives
In my opinion, it is the most interesting work I have published to date. Besides, we have additional appendices with different robustness tests for those who request them.
Pedro L. Angosto-Fernández
Universidad Miguel Hernandez de Elche
Read the Original
This page is a summary of: Market risk exposure determinants during the COVID-19 outbreak: between competitiveness and inequality, International Journal of Emerging Markets, January 2024, Emerald,
DOI: 10.1108/ijoem-01-2023-0080.
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