Shaking Stability: COVID-19 Impact on the Visegrad Group Countries’ Financial Markets
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F20%3A84196" target="_blank" >RIV/60460709:41110/20:84196 - isvavai.cz</a>
Result on the web
<a href="https://www.mdpi.com/2071-1050/12/15/6282" target="_blank" >https://www.mdpi.com/2071-1050/12/15/6282</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3390/su12156282" target="_blank" >10.3390/su12156282</a>
Alternative languages
Result language
angličtina
Original language name
Shaking Stability: COVID-19 Impact on the Visegrad Group Countries’ Financial Markets
Original language description
The recent outbreak of the coronavirus pandemic has made a significant impact on the global financial markets. The aim of this paper is to assess the short-term reaction of the Visegrad countries financial markets to the COVID-19 pandemic. The Visegrad Group is a political alliance of four Central European countries, namely Czechia, Hungary, Poland, and Slovakia. The financial assessment is based on the EUR/CZK, EUR/HUF, and EUR/PLN exchange rates and the major blue-chip stock market indices, that is Prague PX, Budapest BUX, Warsaw WIG20, and Bratislava SAX. It is evident that the ongoing pandemic has changed the expectations of the financial market participants about the future value of exchange rates in the Visegrad countries. This study indicates that, as a consequence of COVID19, higher probability has been attached to the large depreciation of the Czech koruna (CZK), the Hungarian forint (HUF), and the Polish zloty (PLN) than to their large appreciation. Moreover, based on the TGARCH model, the
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Sustainability
ISSN
2071-1050
e-ISSN
2071-1050
Volume of the periodical
12
Issue of the periodical within the volume
15
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
18
Pages from-to
1-18
UT code for WoS article
000559045600001
EID of the result in the Scopus database
2-s2.0-85089903451