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The International Spread Of Covid-19 Stock Market Collapses, Silvio Contessi, Pierangelo De Pace
The International Spread Of Covid-19 Stock Market Collapses, Silvio Contessi, Pierangelo De Pace
Pomona Economics
We identify periods of mildly explosive dynamics and collapses in the stock markets of 18 major countries during the first wave of the COVID-19 pandemic of 2020. We find statistical evidence of instability transmission from the Chinese stock market to all other markets. The recovery is heterogeneous and generally non-explosive.