COVID-19, government policy responses, and stock market liquidity around the world: A note
| Autor: | David Y. Aharon, Renatas Kizys, Adam Zaremba, Ender Demir, Dariusz Zawadka |
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| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Novel coronavirus
Scope (project management) Non-pharmaceutical interventions Financial market COVID-19 Stock market liquidity Public policy Monetary economics International financial markets Article Turnover ratio Market liquidity Inventory turnover Scale (social sciences) Government policy responses Business Management and Accounting (miscellaneous) Stock market Business Emerging markets Finance |
| Zdroj: | Research in International Business and Finance |
| Popis: | Unprecedented non-pharmaceutical interventions targeted to curb the spread of COVID-19 exerted a dramatic impact on the global economy and financial markets. This study is the first attempt to investigate the influence of these government policy responses on global stock market liquidity. To this end, we examine daily data from 49 countries for the period January-April 2020. We demonstrate that the impact of the interventions is limited in scale and scope. Workplace and school closures deteriorate liquidity in emerging markets, while information campaigns on the novel coronavirus facilitate trading activity. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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