Replies to commentaries on IDC Theory in practice

We thank the seven scholars who have provided commentaries to our paper on the Interest-Driven Creator (IDC) experimental school in Taiwan. We provide replies to their commentaries in the interest of continuing the productive discussions that we hope to see in the further pursuance and refinement of the IDC theories. We also use the opportunity here to provide replies to the commentaries written by Dillenbourg et al. (2019) and Roschelle and Burke (2019), specifically written for the original IDC paper (Chan et al., 2018). © The Author(s). 2023.

Impacts of the COVID-19 pandemic on financial market connectedness

In this paper, we study the impacts of the COVID-19 pandemic on the connectedness of the Hong Kong financial market. We construct dynamic financial networks based on correlations and partial correlations of stock returns to assess the impacts of COVID-19 and to compare the impacts in the previous financial crises in the past 15 years. Compared to other crises where the network density and clustering can be explained by co-movement with market indices as in normal periods, both network density and clustering are higher in the partial correlation networks during the COVID-19 outbreak. © 2020 Elsevier Inc.