ArticleInternational review of financial analysis2021
Immunizing markets against the pandemic: COVID-19 vaccinations and stock volatility around the world.
Article in International review of financial analysis, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 25 papers.
What it found
Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.
The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.
Who cites it
25 citing papers in PubMed, 129 citations in OpenAlex.
- Relation Between COVID-19 Infection and Vaccine and Menstrual Cycle Changes of Portuguese Adolescents in Higher Education.Healthcare (Basel, Switzerland) · 2024Article
- New drugs and stock market: a machine learning framework for predicting pharma market reaction to clinical trial announcements.Scientific reports · 2023Article
- Government Bonds and COVID-19. An International Evaluation Under Different Market States.Evaluation review · 2023Article
- COVID-19 Government restriction policy, COVID-19 vaccination and stock markets: Evidence from a global perspective.Finance research letters · 2023Article
- How reactive is investment in US green bonds and ESG-eligible stocks in times of crisis? Exploring the COVID-19 crisis.Finance research letters · 2023Article
- Portfolio diversification during the COVID-19 pandemic: Do vaccinations matter?Journal of financial stability · 2023Article
- Does US full vaccination against COVID-19 immunize correspondingly S&P500 index: Evidence from the NARDL approach.Heliyon · 2023Article
- Connectedness of COVID vaccination with economic policy uncertainty, oil, bonds, and sectoral equity markets: evidence from the US.Annals of operations research · 2023Article
- Connectedness between Defi assets and equity markets during COVID-19: A sector analysis.Technological forecasting and social change · 2023Article
- When the market got the first dose: Stock volatility and vaccination campaign in COVID-19 period.Heliyon · 2023Article
- Probability of informed trading during the COVID-19 pandemic: the case of the Romanian stock market.Financial innovation · 2023Article
- Article
- Tail spillover effects between cryptocurrencies and uncertainty in the gold, oil, and stock markets.Financial innovation · 2023Article
- COVID-19 and China commodity price jump behavior: An information spillover and wavelet coherency analysis.Resources policy · 2022Article
- Comparison of Value at Risk (VaR) Multivariate Forecast Models.Computational economics · 2022Article
- Airline stock markets reaction to the COVID-19 outbreak and vaccines: An event study.Journal of air transport management · 2022Article
- How does the COVID-19 outbreak affect the causality between gold and the stock market? New evidence from the extreme Granger causality test.Resources policy · 2022Article
- The impact of COVID-19 vaccination on stock market: is there any difference between developed and developing countries?Heliyon · 2022Article
- COVID-19, ESG investing, and the resilience of more sustainable stocks: Evidence from European firms.Business strategy and the environment · 2022Article
- COVID-19 vaccines and global stock markets.Finance research letters · 2022Article
Corrections and comments
PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.
Authors and funding
4 authors at 4 institutions in 4 countries.
Funding
No grant is acknowledged in the PubMed record.
Abstract
The COVID-19 pandemic has exerted a noteworthy impact on stock market volatility around the world. Can vaccination programs revert these adverse effects? To answer this question, we scrutinize daily data from 66 countries from January 1, 2020 to April 30, 2021. We provide convincing evidence that COVID-19 vaccination assists in stabilizing the global equity markets. The drop in volatility is robust to many considerations and does not result solely from either the pandemic itself or the government policy responses-the negative correlation remains significant after controlling for these factors. The impact of vaccinations is relatively stronger within developed markets than in emerging ones.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.