Differences in Capital Market Network Structures under COVID-19-Reference-Cited by-同舟云学术

Differences in Capital Market Network Structures under COVID-19

Published:2022-09-01 Issue:1 Volume:10 Page:15-28
ISSN:2360-0047
Container-title:Acta Universitatis Sapientiae, Economics and Business
language:en
Short-container-title:

Author:

Kiss Gábor Dávid¹,Mészáros Mercédesz¹,Sallai Dóra²

Affiliation:

1. Division of Finance, Faculty of Economics and Business Administration , University of Szeged , Szeged

2. Doctoral School in Economics, Faculty of Economics and Business Administration , University of Szeged , Szeged ;

Abstract

Abstract This paper analyses the structural changes of the underlying stock and currency markets as well as the industrial productions by using a minimum spanning tree graph on a Central and East European sample. The aim is to point out the similarities and differences of the COVID-19 pandemic compared to previous recessions, namely the Dot-com crisis in the early 2000s and the Subprime crisis around 2008. Focusing on the incidence, closeness, and betweenness properties of the graph, we are looking for the emergence of a shock-propagating hub. We identify such a hub during the Subprime crisis but not during the COVID-19 pandemic, which points to the higher efficiency of the economic policy to absorb the worst effects of the crisis.

Publisher

Walter de Gruyter GmbH

Subject

General Medicine

Link

https://www.sciendo.com/pdf/10.2478/auseb-2022-0002

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