The COVID crisis has severely hit both the United States and the European Union. Even though they are the wealthiest regions in the world, they differ substantially in economic performance, demographic characteristics, type of government, health systems, and measures undertaken to counteract...

The outbreak of COVID-19 has tremendous impacts on the globe. In the present paper it will be attempted to evaluate whether these impacts are evenly spread among countries regarding the stock returns. To this end many countries are classified according to their financial system and according to...