Does the Indian Financial Market Nosedive because of the COVID-19 Outbreak, in Comparison to after Demonetisation and the GST?

dc.contributor.author	Mishra, Alok Kumar
dc.contributor.author	Rath, Badri Narayan
dc.contributor.author	Dash, Aruna Kumar
dc.date.accessioned	2022-03-27T02:09:53Z
dc.date.available	2022-03-27T02:09:53Z
dc.date.issued	2020-08-08
dc.description.abstract	We investigate the impact of COVID-19 on the Indian financial market and compare it with the outcomes of two recent structural changes of the Indian economy: demonetization and implementation of the Goods and Services Tax (GST). Using daily stock return, net foreign institutional investment, and exchange rate data from January 3, 2003 to April 20, 2020, we find negative stock returns for all the indices during the COVID-19 outbreak, unlike during the post-demonetization and GST phases. Markov switching vector autoregression shows the impact of COVID-19 on stock returns is severe in comparison to that of demonetization and the GST.
dc.identifier.citation	Emerging Markets Finance and Trade. v.56(10)
dc.identifier.issn	1540496X
dc.identifier.uri	10.1080/1540496X.2020.1785425
dc.identifier.uri	https://www.tandfonline.com/doi/full/10.1080/1540496X.2020.1785425
dc.identifier.uri	https://dspace.uohyd.ac.in/handle/1/4767
dc.subject	Coronavirus
dc.subject	exchange rate
dc.subject	FII
dc.subject	India
dc.subject	stock returns
dc.subject	systemic risks
dc.title	Does the Indian Financial Market Nosedive because of the COVID-19 Outbreak, in Comparison to after Demonetisation and the GST?
dc.type	Journal. Article
dspace.entity.type

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