Malik, Kunjana; Sharma, Sakshi; Kaur, Manmeet - In: Journal of Economic Studies 49 (2021) 2, pp. 227-242
Purpose: The outbreak of the coronavirus disease 2019 (COVID-19) pandemic is an unprecedented shock to the BRICS (Brazil, Russia, India, China, South Africa) economy and their financial markets have plummeted significantly due to it. This paper adds to the recent literature on contagion due to...