Ontology highlight
ABSTRACT:
SUBMITTER: Zaremba A
PROVIDER: S-EPMC7240275 | biostudies-literature | 2020 Jul
REPOSITORIES: biostudies-literature
Finance research letters 20200521
Do government interventions aimed at curbing the spread of COVID-19 affect stock market volatility? To answer this question, we explore the stringency of policy responses to the novel coronavirus pandemic in 67 countries around the world. We demonstrate that non-pharmaceutical interventions significantly increase equity market volatility. The effect is independent from the role of the coronavirus pandemic itself and is robust to many considerations. Furthermore, two types of actions that are usu ...[more]