The Advent Of COVID-19 And The Case Of Emerging Financial Markets
Mazhar Farid Chishti,Tayyaba Syed, Allah Bux Lakhan.
Abstract
The paper inquires the effect of COVID-19 on the twenty-six emerging markets of Morgan Staley Composite Index (MSCI). No past human experience observed such disease which outburst, as well as the Spanish Flu, has pretentious the financial exchange as strongly as the pandemic of COVID-19 pandemic. Actually, past pandemics left just mellow follows. Findings reveal the adverse result of pandemic on developing securities exchanges has continuously tumbled. Regarding local order, the result of the outburst has been the most noteworthy in Asian emerging business areas while developing business sectors in European countries have faced the least. Likewise, the allowed reaction period and the extent of boost bundle gave by the governments in counterbalancing the impacts of the pandemic. The estimations of Driscoll-Kraay locate a negative and measurably huge effect of the COVID on developing stock exchanges over the period of one year from October 1 2020 to September 30 2021 on the twenty-six emerging markets, the effect ends up being inconsequential, that is the situation for the full sample also. Normal discourse, the outcomes expose that the adverse result of the incidence on growing securities exchanges by the mid-April has continuously tumbled.
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