Shock Resistors or Transmitters? Contagion across Industries and Countries during the COVID-19 Pandemic and the Global Financial Crisis

Authors: Harb, Hadi;

Umutlu, Mehmet

Source: Economics Letters

Full text

: https://doi.org/10.1016/j.econlet.2024.112026

Abstract

We examine how global shocks from various sources propagate across industries and countries. Financial contagion is measured using residual-based and volatility-adjusted correlation. Specific industries and countries were resilient during both global crises, while others played a significant role in transmitting shocks.

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http://creativecommons.org/licenses/by-nc-nd/4.0/

Cite as

Harb, H. & Umutlu, M. 2024, 'Shock Resistors or Transmitters? Contagion across Industries and Countries during the COVID-19 Pandemic and the Global Financial Crisis', Economics Letters, article no: 112026. https://doi.org/10.1016/j.econlet.2024.112026

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DOI: https://doi.org/10.1016/j.econlet.2024.112026

Repository URI: https://napier-repository.worktribe.com/output/3887249/shock-resistors-or-transmitters-contagion-across-industries-and-countries-during-the-covid-19-pandemic-and-the-global-financial-crisis