The international spread of COVID-19 stock market collapses

Silvio Contessi, Pierangelo De Pace

Research output: Contribution to journalArticleResearchpeer-review

7 Citations (Scopus)

Abstract

We identify periods of mildly explosive dynamics and collapses in the stock markets of 18 major countries during the first wave of 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 generally non-explosive.

Original languageEnglish
Article number101894
Number of pages11
JournalFinance Research Letters
DOIs
Publication statusAccepted/In press - 2021

Keywords

  • COVID-19
  • Mildly explosive behavior
  • Stock market crashes

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