Emerging market economies amid Covid-19: a country-level analysis

The black swan event COVID-19 has led to 29.5 million confirmed cases and 933,000 deaths globally. Government rules like lockdown, travel restrictions, quarantine and social distancing has led to huge losses in all industries and layoffs. The pandemic has led to the worst global financial collapse a...

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Main Author: Kazi, Noora Naher
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2021
Subjects:
Online Access:https://eprints.nottingham.ac.uk/63240/
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author Kazi, Noora Naher
author_facet Kazi, Noora Naher
author_sort Kazi, Noora Naher
building Nottingham Research Data Repository
collection Online Access
description The black swan event COVID-19 has led to 29.5 million confirmed cases and 933,000 deaths globally. Government rules like lockdown, travel restrictions, quarantine and social distancing has led to huge losses in all industries and layoffs. The pandemic has led to the worst global financial collapse and recession so far. The paper focuses on the stock market response of 31 emerging market economies to the COVID-19 pandemic at different stages starting from the declaration of the global pandemic to the announcement of lockdown and its different stages. The side-effect of the interdependent nature of global financial markets are visible as the COVID-19 outbreak shifts from an epidemic to a pandemic. To do a country-level analysis of the impact of the pandemic, stock market returns were chosen as a proxy. Using panel data method, the results show how the stock market returns in five regions responded to COVID-19. The country level results differ from one country to another. The results show the daily confirmed cases and daily deaths had negative impact on stock market returns in the Middle east and European region.
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spelling nottingham-632402021-04-16T03:52:41Z https://eprints.nottingham.ac.uk/63240/ Emerging market economies amid Covid-19: a country-level analysis Kazi, Noora Naher The black swan event COVID-19 has led to 29.5 million confirmed cases and 933,000 deaths globally. Government rules like lockdown, travel restrictions, quarantine and social distancing has led to huge losses in all industries and layoffs. The pandemic has led to the worst global financial collapse and recession so far. The paper focuses on the stock market response of 31 emerging market economies to the COVID-19 pandemic at different stages starting from the declaration of the global pandemic to the announcement of lockdown and its different stages. The side-effect of the interdependent nature of global financial markets are visible as the COVID-19 outbreak shifts from an epidemic to a pandemic. To do a country-level analysis of the impact of the pandemic, stock market returns were chosen as a proxy. Using panel data method, the results show how the stock market returns in five regions responded to COVID-19. The country level results differ from one country to another. The results show the daily confirmed cases and daily deaths had negative impact on stock market returns in the Middle east and European region. 2021-02-24 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/63240/1/MSc%20F%26I%20Dissertation-%20KAZI%20NOORA%20NAHER-20212840-pdf.pdf Kazi, Noora Naher (2021) Emerging market economies amid Covid-19: a country-level analysis. [Dissertation (University of Nottingham only)] Covid-19 stock market returns
spellingShingle Covid-19
stock market returns
Kazi, Noora Naher
Emerging market economies amid Covid-19: a country-level analysis
title Emerging market economies amid Covid-19: a country-level analysis
title_full Emerging market economies amid Covid-19: a country-level analysis
title_fullStr Emerging market economies amid Covid-19: a country-level analysis
title_full_unstemmed Emerging market economies amid Covid-19: a country-level analysis
title_short Emerging market economies amid Covid-19: a country-level analysis
title_sort emerging market economies amid covid-19: a country-level analysis
topic Covid-19
stock market returns
url https://eprints.nottingham.ac.uk/63240/