The complex network of the impact of the coronavirus (Qovid-19) on macroeconomic variables and the stock markets crash
Subject Areas : Financial engineering
matin saneifar
1
,
parviz saeedi
2
,
Ebrahim Abaasi
3
,
Hossein Didehkhani
4
1 - Department of Financial Engineering, Aliabad Katoul branch, Islamic Azad University, Aliabad Katoul, Iran.
2 - Department of Accounting and Management, Ali Abad Katoul Branch, Islamic Azad University , Ali Abad Katoul,Iran.
3 - Department of Accounting and Finance, Alzahra University, Tehran, Iran
4 - Department of Financial Engineering, Aliabad Katoul branch, Islamic Azad University , Ali Abad Katoul, Iran.
Keywords: Coronavirus, Complex network, Qovid 19, economic variables, stock markets,
Abstract :
The outbreak of the corona virus has led to strong negative reactions from stock markets in various countries, and the side effects of the virus have caused the fall in prices of many macroeconomic variables worldwide.These have drawn the attention of analysts and investors to the negative effects of the spread of the virus on stock markets.The goal of the study is to create a complex network of corona viruses on the stock market of 75 countries with oil, gold, silver and copper.The results show that the interconnectedness of the modern economy of stock markets and economic variables has made the health crisis to a global economic crisis.Corona virus has a direct negative impact on 35% of stock market markets, this virus has had the greatest impact on stock market markets in European and Asian countries,It has also had the least impact on the stock markets of the Arab and African countries.The coronavirus has indirectly affected stock market markets by affecting economic variables.The unprecedented drop in oil prices has caused the stock markets to fall 56 percent,and gold price fluctuations have affected 29 percent of these markets.Silver and copper prices have fallen between 25 and 32 percent in stock markets.
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