Research on the Spillover Effects of Covid-19 in Global Economic Markets

DOI

10.2991/aebmr.k.220307.463How to use a DOI?

Keywords

Spillover effects; Covid-19; Financial market

Abstract

The spillover effect means that an organization will not only produce the expected effect of the activity but also have an impact on people or society outside the organization. In short, an activity should have external benefits, which the main body of the activity cannot get. The spillover effect can be divided into knowledge spillover effect, technology spillover effect, and economic spillover effect. With the continuous spread of COVID-19 around the world, the real economy has suffered a great impact, and the financial market is more and more important. According to the results, Covid-19 forced OPEC to issue a reduction initiative several times. The epidemic has led to the reduction of global production capacity, resulting in a significant decline in oil demand, which has a great impact on these stone exporting countries. In addition, for many countries with underdeveloped domestic commodity manufacturing, the epidemic has also affected their price factors, leading to rising prices and public discontent. As a major exporter, China has received a lot of benefits. Because of the financial market, the epidemic has led to multiple circuit breakers in U.S. stocks, a substantial decline in major stock markets, and structural differentiation in the future, which is worthy of investors’ attention.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Junyu Du
PY  - 2022
DA  - 2022/03/26
TI  - Research on the Spillover Effects of Covid-19 in Global Economic Markets
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2855
EP  - 2859
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.463
DO  - 10.2991/aebmr.k.220307.463
ID  - Du2022
ER  -