COVID-19 Effects on the US Stock Index Returns: An Event Study Approach

PurposeThe purpose of this paper is to investigate the impact of the US unconventional monetary policy surprises on the management of trilemma in India.Design/methodology/approachThis paper uses the event study approach along with OLS and MANOVA to examine the impact.FindingsThe results validate the existence of trilemma in India for the period from October 2008 to December 2017. The results also show that monetary policy independence still exists in India in the wake of greater spillover effects during the Federal Open Market Committee announcement days. The spillover effects on USD-INR exchange rates and capital flows are found to be statistically significant. The MANOVA results show that the trilemma in India is influenced by around 20% by the changes in the US monetary policy.Originality/valueThe above approach of event study combined with MANOVA in this subject area has not been used before to the best of the authors’ knowledge. Further, there are only a few studies that exist on the spillover effects of the US monetary policy actions on the management of trilemma in India.

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The impact of the pandemic on the quotes of the leading players in the QSR market

10.33920/vne-04-2103-03 ◽

2021 ◽

pp. 190-204

Author(s):

Dmitrii Vasilyevich Mashin

Keyword(s):

Service Industry ◽

Hotel Industry ◽

Stock Index ◽

Bond Yields ◽

Stock Indices ◽

The Us ◽

The World ◽

Available Information ◽

The Impact ◽

Stock Index Returns

All over the world, non-essential businesses were closed during the pandemic, which subsequently led to a deterioration in the economic condition of the whole world, the main negative factor was the surprise. The world economy was not prepared for such events. The service industry was completely destroyed along with the tourism and hotel industry. Companies that are able to work remotely were able to continue to work and survive the crisis. But industries that require personal interaction have been almost completely destroyed. This study aims to examine the impact of the COVID-19 pandemic on stock markets, as the stock market provides an updated summary of views on the ultimate impact of the COVID-19 pandemic. Based on the theoretical structure, the prices of securities always fully refl ect all available information. As a result, it can be expected that there should be a strong link between the COVID-19 pandemic and stock index returns. The aim of the work is to study the impact of the pandemic on the quotes of the leading players in the QSR market. To achieve this goal, the author analyzed the dynamics of stock indices that were aff ected by the pandemic, studied the prices per troy ounce of gold on MOEX, the US unemployment rate, the position of the stock indices of the US, Russia, Germany, Great Britain and France relative to 01.01.2020, the index of bond yields of companies with a Ba/BB rating.

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Does US-China Trade War Matter on ASEAN Stock Market: Event-study Approach

SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS ◽

10.29259/sijdeb.v4i3.161-74 ◽

2020 ◽

Vol 4 (3) ◽

pp. 161

Author(s):

Budi Setiawan

Keyword(s):

Stock Market ◽

Event Study ◽

Stock Prices ◽

Financial Stability ◽

Abnormal Returns ◽

Study Approach ◽

China Trade ◽

The Us ◽

Trade War ◽

The Impact

The trade war between the US and China by imposing tariffs has the potential to affect global financial stability. As the largest economy in the world, the US and China had been trading goods and services globally. Then, when these countries have retaliated, the tariff war will affect the global supply chain, international trade, economy, and the stock market. This research examined the effect of the US-China trade war on ASEAN stock prices using an event-study approach. The result shows that the ASEAN stock market has positive abnormal returns during pre-event period (12%). In contrast, ASEAN stock markets shifted to negative abnormal return (-7.4%) in the short-term window, indicating that the stock market is efficient. Stock price reflects the information from the market quickly. However, the impact of the trade war on the ASEAN stock market is insignificant.

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META-ANALYSIS ON AMERICAN PRESIDENTIAL ELECTION - 2016 AND AMERICAN STOCK MARKET

Studies of Applied Economics ◽

10.25115/eae.v38i1.2948 ◽

2020 ◽

Vol 38 (1) ◽

Author(s):

Farhan Ahmed ◽

Salman Bahoo ◽

Sohail Aslam ◽

Muhammad Asif Qureshi

Keyword(s):

Content Analysis ◽

Stock Market ◽

Event Study ◽

Presidential Election ◽

Republican Party ◽

Stock Exchange ◽

Meta Analysis ◽

Composite Index ◽

Stock Index ◽

Political Event

This paper aims to analyze the efficient stock market hypothesis as responsive to American Presidential Election, 2016. The meta-analysis has been done combining content analysis and event study methodology. The all major newspapers, news channels, public polls, literature and five important indices as Dow Jones Industrial Average (DJIA), NASDAQ Stock Market Composit Indexe (NASDAQ-COMP), Standard & Poor's 500 Index (SPX-500), New York Stock Exchange Composite Index (NYSE-COMP) and Other U.S Indexes-Russell 2000 (RUT-2000) are critically examined and empirically analyzed. The findings from content analysis reflect that stunned winning of Mr Trump from Republican Party worked as shock for American stock market. From event study, findings confirmed that all the major indices reflected a decline on winning of Trump and losing of Ms. Clinton from Democratic. The results are supported empirically and practically through the political event like BREXIT that resulted in shock to Global stock index and loss of $2 Trillion.

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