The actual macroeconomic impacts of the COVID-19 pandemic will be realized over time; however, its impact on financial markets was much faster and dramatic. Following the spread of the pandemic, most global equity markets experienced significant falls and started to rebound with the announcement...

Following the spread of the COVID-19 pandemic, most global equity markets experienced significant falls. Recognizing the severe economic impacts of the pandemic, from mid-March, many governments announced unprecedented economic rescue packages, which appear to restore investors’ confidence,...