Coronavirus (Covid-19) and its impact on a sample of global financial markets
Other Title(s)
فايروس كورونا (Covid-19) و تأثيره على عينة من الأسواق المالية العالمية
Joint Authors
Jihad, Jihad Faysal
Muhammad, Sima Hasan
Source
Journal of Administration and Economics
Issue
Vol. 10, Issue 39 (30 Sep. 2021), pp.252-259, 8 p.
Publisher
University of Karbala College of Management and Economics
Publication Date
2021-09-30
Country of Publication
Iraq
No. of Pages
8
Main Subjects
Topics
Abstract EN
Coronavirus (COVID-19) is rapidly spreading, and this increases the state of fear among investors and companies to enter into deals in global financial markets, in addition to losing a large number of investors and companies in a very short period of time.
This spread of the virus wiped out at least 5 trillion US dollars of the value of the stock markets in one week, which negatively affected the economic side of various countries of the world and led to a state of recession for various sectors, especially the global financial markets.
The research problem was the following question (What are the general economic impacts of the Corona pandemic, and have global financial markets been affected by the Corona pandemic? ).
Daily data was collected for a group of the most important financial market indicators in the world, and this data began a few months before the outbreak of the Corona pandemic, in order to clarify the movements in the indicators before and after the spread of the Corona epidemic.
This period is from 1/May/2018 to 20/May/2020.
It was concluded that the relationship between the Coronavirus and the financial markets is an inverse relationship, the more the number of infections increases, the volume of financial transactions in financial markets directly decreases.
We also conclude that financial market reactions are highly correlated with the severity of the disease outbreak in each country.
American Psychological Association (APA)
Jihad, Jihad Faysal& Muhammad, Sima Hasan. 2021. Coronavirus (Covid-19) and its impact on a sample of global financial markets. Journal of Administration and Economics،Vol. 10, no. 39, pp.252-259.
https://search.emarefa.net/detail/BIM-1270410
Modern Language Association (MLA)
Jihad, Jihad Faysal& Muhammad, Sima Hasan. Coronavirus (Covid-19) and its impact on a sample of global financial markets. Journal of Administration and Economics Vol. 10, no. 39 (Sep. 2021), pp.252-259.
https://search.emarefa.net/detail/BIM-1270410
American Medical Association (AMA)
Jihad, Jihad Faysal& Muhammad, Sima Hasan. Coronavirus (Covid-19) and its impact on a sample of global financial markets. Journal of Administration and Economics. 2021. Vol. 10, no. 39, pp.252-259.
https://search.emarefa.net/detail/BIM-1270410
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1270410