Contessi Silvio, De Pace Pierangelo
Department of Banking and Finance, Monash Business School, P.O. Box 197, Caulfield East, VIC 3145, Australia.
Department of Economics, Pomona College, 425 N College Avenue, Carnegie 205, Claremont, CA 91711, USA.
Financ Res Lett. 2021 Oct;42:101894. doi: 10.1016/j.frl.2020.101894. Epub 2021 Jan 6.
We identify periods of mildly explosive dynamics and collapses in the stock markets of 18 major countries during the first wave of the COVID-19 pandemic of 2020. We find statistical evidence of instability transmission from the Chinese stock market to all other markets. The recovery is heterogeneous and generally non-explosive.
我们识别出了2020年新冠疫情第一波期间18个主要国家股票市场中出现的轻度爆发性动态和崩溃时期。我们发现了从中国股票市场向所有其他市场的不稳定传导的统计证据。复苏是异质性的，且总体上是非爆发性的。
