The Financial Market in China under the COVID-19
Emerging Markets Finance and Trade
; : 13, 2022.
Article
in English
| Web of Science | ID: covidwho-1852674
ABSTRACT
The main aim of this study is to investigate the effects of COVID-19 on financial markets in China. Results of correlation analysis indicate that higher financial correlation among provinces emerged after the official announcement regarding COVID-19 in China. The Minimum Spanning Tree (MST) results after the pandemic announcement denote that Shanghai, Beijing, Jiangsu, Zhejiang, and Chongqing become the new cores, and the overall linking type exhibits cluster mode, which is varied from the intertwined connection mode. In addition, through Ensemble Empirical Mode Decomposition (EEMD) and Wavelet analysis, we found that financial markets in China are more susceptible to unexpected incidents.
Full text:
Available
Collection:
Databases of international organizations
Database:
Web of Science
Language:
English
Journal:
Emerging Markets Finance and Trade
Year:
2022
Document Type:
Article
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