The effect of Covid 19 pandemic on the financial market's performance : evidence from top ASEAN stock markets

The effect of Covid 19 pandemic on the financial market's performance evidence from top ASEAN stock markets

The Covid 19 pandemic has been serious problem in the financial market since 2020. This study aims to estimate the effect of the Covid 19 pandemic on the financial markets in the two major ASEAN economies. Employing the advanced econometrics based on copula approach, the results indicate that the pr...

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Bibliographische Detailangaben
Veröffentlicht in:Finance, law, and the crisis of COVID-19
1. Verfasser: Nguyen Van Chien (VerfasserIn)
Weitere Verfasser: Nguyen Thu Thuy (VerfasserIn)
Pages:19
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 2022
Schlagworte:
2020-2021 > Coronavirus > Epidemie > Börsenkurs > ASEAN-Staaten > Aufsatz im Buch
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Beschreibung
Zusammenfassung:The Covid 19 pandemic has been serious problem in the financial market since 2020. This study aims to estimate the effect of the Covid 19 pandemic on the financial markets in the two major ASEAN economies. Employing the advanced econometrics based on copula approach, the results indicate that the probability of the nexus of the returns of total confirmed cases of covid and the stock market fluctuates together was about 5.86% for Vietnam and about 7.81% for Thailand in the period from Jan, 23th 2020 to Apr, 30th 2021. Furthermore, after at least ten days, the positive impact of Covid 19 pandemic on Vietnamese stock market and after only five days, the negative impact of Covid 19 pandemic on Thai stock market could be existed.
ISBN:9783030894153