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Autor
Ruiz Estrada Mario Arturo (Social Security Research Centre (SSRC); University of Economics and Human Sciences in Warsaw; University of Malaya, Malaysia), Koutronas Evangelos (Eberly College of Arts and Science, West Virginia University), Lee Minsoo (Asian Development Bank (ADB))
Tytuł
Stagpression : the Economic and Financial Impact of the COVID-19 Pandemic
Źródło
Contemporary Economics, 2021, vol. 15, nr 1, s. 19-33, rys., tab., bibliogr. 95 poz.
Słowa kluczowe
COVID-19, Rynki finansowe, Rynki giełdowe, Pandemia
COVID-19, Financial markets, Stock markets, Pandemic
Uwagi
Klasyfikacja JEL: R11, R12
summ.
Abstrakt
This paper formulates an analytical framework to understand the spatiotemporal patterns of epidemic disease occurrence, its relevance, and implications to financial markets activity. The paper suggests a paradigm shift: a new multi-dimensional geometric approach to capture all symmetrical and asymmetrical strategic graphical movement. Furthermore, it introduces the concept of stagpression, a new economic phenomenon to explain the uncharted territory the world economies and financial markets are getting into. The Massive Pandemic Contagious Diseases Damage on Stock Markets Simulator (φ-Simulator) to evaluate the determinants of capital markets behavior in the presence of an infectious disease outbreak. The model investigates the impact of COVID-19 on the performance of ten stock markets, including S&P 500, TWSE, Shanghai Stock Exchange, Nikkei 225, DAX, Hang Seng, U.K.-FTSE, KRX, SGX, and Malaysia-FTSE. (original abstract)
Pełny tekst
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Bibliografia
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Cytowane przez
Pokaż
ISSN
2084-0845
Język
eng
URI / DOI
http://dx.doi.org/10.5709/ce.1897-9254.433
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