The Impact of COVID-19 Crisis on Stock Markets’ Statistical Complexity
The spread of the COVID-19 pandemic has severely impacted all aspects of social and economic life, including the evolution of stock markets. Thus, we advance a methodological framework suitable for assessing 2020 year-long shifts in markets’ statistical complexity, and we apply such framework to ten...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2022-01-01
|
| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2022/5478283 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850169803068669952 |
|---|---|
| author | Bogdan Dima Stefana Maria Dima Roxana Ioan |
| author_facet | Bogdan Dima Stefana Maria Dima Roxana Ioan |
| author_sort | Bogdan Dima |
| collection | DOAJ |
| description | The spread of the COVID-19 pandemic has severely impacted all aspects of social and economic life, including the evolution of stock markets. Thus, we advance a methodological framework suitable for assessing 2020 year-long shifts in markets’ statistical complexity, and we apply such framework to ten major international developed or emerging stock markets. Our research reveals that this crisis had considerably altered markets’ evolutionary patterns. The network description of markets’ multivocal transmission of complex responses changed in 2020, European and Asian markets playing a pivotal role. Nevertheless, an important regional and time heterogeneity emerges. In addition, we find that the total number of worldwide confirmed COVID-19 cases plays a leading role in the changes in markets’ complexity. |
| format | Article |
| id | doaj-art-a586daaade46477fb09dab5a9403711d |
| institution | OA Journals |
| issn | 1099-0526 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-a586daaade46477fb09dab5a9403711d2025-08-20T02:20:38ZengWileyComplexity1099-05262022-01-01202210.1155/2022/5478283The Impact of COVID-19 Crisis on Stock Markets’ Statistical ComplexityBogdan Dima0Stefana Maria Dima1Roxana Ioan2West University of TimişoaraWest University of TimişoaraWest University of TimişoaraThe spread of the COVID-19 pandemic has severely impacted all aspects of social and economic life, including the evolution of stock markets. Thus, we advance a methodological framework suitable for assessing 2020 year-long shifts in markets’ statistical complexity, and we apply such framework to ten major international developed or emerging stock markets. Our research reveals that this crisis had considerably altered markets’ evolutionary patterns. The network description of markets’ multivocal transmission of complex responses changed in 2020, European and Asian markets playing a pivotal role. Nevertheless, an important regional and time heterogeneity emerges. In addition, we find that the total number of worldwide confirmed COVID-19 cases plays a leading role in the changes in markets’ complexity.http://dx.doi.org/10.1155/2022/5478283 |
| spellingShingle | Bogdan Dima Stefana Maria Dima Roxana Ioan The Impact of COVID-19 Crisis on Stock Markets’ Statistical Complexity Complexity |
| title | The Impact of COVID-19 Crisis on Stock Markets’ Statistical Complexity |
| title_full | The Impact of COVID-19 Crisis on Stock Markets’ Statistical Complexity |
| title_fullStr | The Impact of COVID-19 Crisis on Stock Markets’ Statistical Complexity |
| title_full_unstemmed | The Impact of COVID-19 Crisis on Stock Markets’ Statistical Complexity |
| title_short | The Impact of COVID-19 Crisis on Stock Markets’ Statistical Complexity |
| title_sort | impact of covid 19 crisis on stock markets statistical complexity |
| url | http://dx.doi.org/10.1155/2022/5478283 |
| work_keys_str_mv | AT bogdandima theimpactofcovid19crisisonstockmarketsstatisticalcomplexity AT stefanamariadima theimpactofcovid19crisisonstockmarketsstatisticalcomplexity AT roxanaioan theimpactofcovid19crisisonstockmarketsstatisticalcomplexity AT bogdandima impactofcovid19crisisonstockmarketsstatisticalcomplexity AT stefanamariadima impactofcovid19crisisonstockmarketsstatisticalcomplexity AT roxanaioan impactofcovid19crisisonstockmarketsstatisticalcomplexity |