We examine how the repo market operates during liquidity stress by applying network analysis to novel transaction-level data of the overnight gilt repo market including the COVID-19 crisis. During this crisis, the repo network becomes more connected, with most institutions relying on existing...

The ongoing public health crisis associated with the COVID-19 pandemic has had a significant impact on business activities, government at large, financial markets, and individual households. This study is the first to our knowledge that seeks to examine the 2020 financial market crisis using...

In the early stage of COVID-19 spread, China's stocks market was greatly affected, while other stocks markets also fell to a certain extent. In order to explore the mechanism of this phenomenon in addition to global economic integration, we establish a two market asset pricing model based on...