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Using the daily data covering both the first and second wave of COVID-19 pandemic over the period from March 3, 2020, to February 12, 2021, this study documents a strong positive comovement between implied volatility indices and two proxies of the COVID-19 fear. However, in all the cases, the...
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What does it mean to be economically "worse off" during a pandemic? : an introduction to economic welfare -- Should I be free to risk infecting your grandma with a deadly virus? : an introduction to externalities -- Did we close down the economy? : an introduction to public and private action --...
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Asia, Europe and the USA makes it unique. Divided into three parts following a general introduction that sets the context … of the study, the book deals with the case of the USA, EU and European countries as well as with that of key Asian …
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This paper examines the effects of the COVID-19 pandemic on stock returns, CDS and economic activity in the US and the five European countries (the UK, Germany, France, Italy, and Spain) which have been most affected. The sample period covers the dates from the first confirmed COVID-19 cases in...
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