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COVID-19 impacts on financial markets: Takeaways from the third wave

Author

Listed:
  • Hamza Bouhali

    (Mohammadia School of Engineering, Rabat, Morocco)

  • Ahmed Dahbani

    (Hassan 1st University, Settat, Morocco)

  • Brahim Dinar

    (Hassan 1st University, Settat, Morocco)

Abstract

This study provides an updated analysis of the impact of COVID-19 daily contaminations and vaccinations on the financial markets by incorporating the third wave observed in 2021. Our methodology is based on a comparative approach using a multivariate hetero­scedasticity model and data from the Eurozone and ten other countries from different economies. Our results show that COVID-19 contaminations and vaccinations strongly affected most of the countries in our sample (except for the UK, Russia and India in the case of COVID-19 contaminations). We also found that optimistic market sentiment concerning the evolution of the pandemic prevailed among the countries forming our sample (except for Switzerland, Russia and India).

Suggested Citation

  • Hamza Bouhali & Ahmed Dahbani & Brahim Dinar, 2021. "COVID-19 impacts on financial markets: Takeaways from the third wave," Russian Journal of Economics, ARPHA Platform, vol. 7(3), pages 200-212, December.
    • Handle: RePEc:arh:jrujec:v:7:y:2021:i:3:p:200-212
    DOI: 10.32609/j.ruje.7.65328
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    Cited by:

    1. Silky Vigg Kushwah & Shab Hundal & Payal Goel, 2024. "Unveiling Interconnectedness and Volatility Transmission: A Novel GARCH Analysis of Leading Global Cryptocurrencies," International Journal of Economics and Financial Issues, Econjournals, vol. 14(3), pages 132-139, May.

    More about this item

    Keywords

    COVID-19 exchange rates vaccine financial market.;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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