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COVID-19 crisis and risk spillovers to developing economies: Evidence from Africa.
Akhtaruzzaman, Md; Benkraiem, Ramzi; Boubaker, Sabri; Zopounidis, Constantin.
  • Akhtaruzzaman M; FinArchitect Australia Pte Ltd Sydney Australia.
  • Benkraiem R; Audencia Business School Nantes France.
  • Boubaker S; EM Normandie Business School Métis Lab Paris France.
  • Zopounidis C; International School Vietnam National University Hanoi Vietnam.
J Int Dev ; 34(4): 898-918, 2022 May.
Article in English | MEDLINE | ID: covidwho-1709537
ABSTRACT
This study provides new evidence on how risk spillovers occur from the United States to developing economies in Africa during the COVID-19 pandemic. The results show that downside risk exposures of African markets, financial firms and banks particularly increased during Phase I (30 January to 30 April 2020). The nature and magnitude of downside risk exposures of African financial markets were similar to those of the United States. Our results also reveal that the United States is a net transmitter of risk spillovers while Nigeria, South Africa, Egypt and Morocco are net recipients. Our conclusions offer guidance to risk managers, policymakers and investors.
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Full text: Available Collection: International databases Database: MEDLINE Type of study: Prognostic study Language: English Journal: J Int Dev Year: 2022 Document Type: Article

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Full text: Available Collection: International databases Database: MEDLINE Type of study: Prognostic study Language: English Journal: J Int Dev Year: 2022 Document Type: Article