Wpływ pandemii koronawirusa na stabilność rynków finansowych w Afryce
Kalu O. Emenike
University of Eswatini, Department of Accounting and Finance, Private Bag No 4, Kwaluseni M201, Kingdom of Eswatini (Eswatini)
https://orcid.org/0000-0002-3599-0281
Abstrakt
Pojawienie się w grudniu 20129 r. koronawirusa, wraz z ogłoszeniem przez Światową Organizację Zdrowia w marcu 2020 r. pandemii, spowodowało zablokowanie światowych rynków finansowych. W niniejszym artykule wykorzystano dane z okresów przed koronawirusem, koronawirusa endemicznego i pandemii koronawirusa do oceny wpływu pandemii koronawirusa na stabilność afrykańskich giełd papierów wartościowych, rynków obligacji skarbowych i kursów dolara amerykańskiego w Kenii, Maroko, Nigerii i RPA, w powiazaniu z zasadami szariatu i indeksu Sukuk. Wyniki badań sugerują, że rynki finansowe w Afryce podczas pandemii koronawirusa stały się bardzo niestabilne, o wiele bardziej niż w okresie endemicznym i przed koronawirusem. Wyniki dwuwymiarowego modelu regresji wskazują na negatywny wpływ pandemii koronawirusa na zwroty z rynków finansowych. Wyniki pokazują ponadto, że zmienność zwrotów na afrykańskich rynkach finansowych rośnie wraz ze wzrostem liczby przypadków koronawirusa. Ogólnie rzecz biorąc, wyniki sugerują, że koronawirus ma negatywny wpływ na zyski na rynkach finansowych i zaostrza niestabilność rynków finansowych, opóźniając tym samym zrównoważony rozwój gospodarczy na kontynencie.
Słowa kluczowe:
koronawirus, COVID-19, giełda, rynek obligacji skarbowych, kursy walut, zmienność, skośność, stabilność rynku, AfrykaBibliografia
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Autorzy
Kalu O. EmenikeUniversity of Eswatini, Department of Accounting and Finance, Private Bag No 4, Kwaluseni M201, Kingdom of Eswatini Eswatini
https://orcid.org/0000-0002-3599-0281
Statystyki
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