Beirne, John; Renzhi, Nuobu; Sugandi, Eric; Volz, Ulrich - 2020
This paper empirically examines the reaction of global financial markets across 38 economies to the COVID-19 outbreak … correction as uncertainty declines, our impulse response analysis suggests that there may be some permanent effects on financial … markets and capital flows as a result of COVID-19, particularly in EMEs. …