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This paper used an economic model of systemic risk given by Acharya (2016) to measure the state of systemic risk in … undercapitalization of Indian financial firm has increased 3 fold during COVID-19 Pandemic ensuing systemic risk has been increased during … a simple and robust indicator of systemic risk. It has been found that the correlations of financial firm stock returns …
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The onset of the COVID-19 pandemic and lockdown announcements by governments have created uncertainty in business operations globally. For the first time, a health shock has impacted the stock markets forcefully. India, one of the major emerging markets, has witnessed a massive fall of around...
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