Abstract

The rapid spread of coronavirus (COVID-19) has dramatic impacts on financial markets all over the world. It has created an unprecedented level of risk, causing investors to suffer significant loses in a very short period of time. This paper aims to map the general patterns of country-specific risks and systemic risks in the global financial markets. It also analyses the potential consequence of policy interventions, such as the US' decision to implement a zero-percent interest rate and unlimited quantitative easing (QE), and to what extent these policies may introduce further uncertainties into global financial markets.

Keywords

Financial marketPandemicCoronavirus disease 2019 (COVID-19)Interest rateBusinessEconomicsFinancial crisisMonetary policySystemic riskFinancial systemFinanceFinancial economicsMonetary economicsMacroeconomics

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Publication Info

Year
2020
Type
article
Volume
36
Pages
101528-101528
Citations
2274
Access
Closed

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Cite This

Dayong Zhang, Min Hu, Qiang Ji (2020). Financial markets under the global pandemic of COVID-19. Finance research letters , 36 , 101528-101528. https://doi.org/10.1016/j.frl.2020.101528

Identifiers

DOI
10.1016/j.frl.2020.101528
PMID
32837360
PMCID
PMC7160643

Data Quality

Data completeness: 86%