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COVID-19, government policy responses, and stock market liquidity around the world: A note.
Zaremba, Adam; Aharon, David Y; Demir, Ender; Kizys, Renatas; Zawadka, Dariusz.
  • Zaremba A; Montpellier Business School, 2300 Avenue des Moulins, 34185, Montpellier, France.
  • Aharon DY; Department of Investment and Financial Markets, Institute of Finance, Poznan University of Economics and Business, al. Niepodleglosci 10, 61-875, Poznan, Poland.
  • Demir E; Faculty of Business Administration, Ono Academic College, Tzahal St 104, Kiryat Ono, Israel.
  • Kizys R; University of Social Sciences, Lodz, Poland.
  • Zawadka D; Istanbul Medeniyet University, Dumlupinar D100 Karayolu No:98, 34720, Kadiköy, Istanbul, Turkey.
Res Int Bus Finance ; 56: 101359, 2021 Apr.
Article in English | MEDLINE | ID: covidwho-957394
ABSTRACT
Unprecedented non-pharmaceutical interventions targeted to curb the spread of COVID-19 exerted a dramatic impact on the global economy and financial markets. This study is the first attempt to investigate the influence of these government policy responses on global stock market liquidity. To this end, we examine daily data from 49 countries for the period January-April 2020. We demonstrate that the impact of the interventions is limited in scale and scope. Workplace and school closures deteriorate liquidity in emerging markets, while information campaigns on the novel coronavirus facilitate trading activity.
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Full text: Available Collection: International databases Database: MEDLINE Language: English Journal: Res Int Bus Finance Year: 2021 Document Type: Article Affiliation country: J.ribaf.2020.101359

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Full text: Available Collection: International databases Database: MEDLINE Language: English Journal: Res Int Bus Finance Year: 2021 Document Type: Article Affiliation country: J.ribaf.2020.101359