COVID-19 containment measures and stock market returns: An international spatial econometrics investigation
Résumé
We investigate the impact of governments’ social distancing measures against the novel coronavirus disease 2019 (COVID-19) as this was reflected on 45 major stock market indices. We find evidence of negative direct and indirect (spillover) effects for the initial period of containment measures (lockdown).
Origine : Fichiers produits par l'(les) auteur(s)