Warning: imagejpeg(C:\Inetpub\vhosts\kidney.de\httpdocs\phplern\32837363
.jpg): Failed to open stream: No such file or directory in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 117 Financ+Res+Lett
2021 ; 38
(ä): 101604
Nephropedia Template TP
gab.com Text
Twit Text FOAVip
Twit Text #
English Wikipedia
Financial contagion during COVID-19 crisis
#MMPMID32837363
Akhtaruzzaman M
; Boubaker S
; Sensoy A
Financ Res Lett
2021[Jan]; 38
(ä): 101604
PMID32837363
show ga
This study examines how financial contagion occurs through financial and
nonfinancial firms between China and G7 countries during the COVID-19 period. The
empirical results show that listed firms across these countries, financial and
non-financial firms alike, experience significant increase in conditional
correlations between their stock returns. However, the magnitude of increase in
these correlations is considerably higher for financial firms during the COVID-19
outbreak, indicating the importance of their role in financial contagion
transmission. They also show that optimal hedge ratios increase significantly in
most cases, implying higher hedging costs during the COVID-19 period.