Proceedings of the 2022 6th International Seminar on Education, Management and Social Sciences (ISEMSS 2022)

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Financial Contagion of Chinese Financial Market to the Developed and Developing Countries During the Corona Virus Disease 2019 (COVID-19) Epidemic

Authors
Zhe Ren1, *
1Entelforeign Language School, Hangzhou, China
*Corresponding author. Email: 2157508419@qq.com
Corresponding Author
Zhe Ren
Available Online 29 December 2022.
DOI
10.2991/978-2-494069-31-2_227How to use a DOI?
Keywords
Contagion effect; Financial market; COVID-19; China; Developed country; Developing country
Abstract

Financial contagion is market disturbance from one country to another. The paper focuses on financial contagion from China to the developed and developing countries. More specifically, this paper selects US and UK as cases of developed countries, and Brazil and Thailand for developing countries. Spillover rate, correlation figure, capital returns, price of stock and index of whole market were considered in the analysis of financial contagion phenomena. The magnitude of financial contagion impacts from Chinese financial market to different countries were summarized based on analysing articles on the topic of financial contagion during the COVID-19 pandemic period. Generally speaking, the figure provides precise explanation for magnitude of contagion effects, help countries evaluate risk level from Chinese market in pandemic. For investor side, this essay could provide how capital returns are affected by contagion effects.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 6th International Seminar on Education, Management and Social Sciences (ISEMSS 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
29 December 2022
ISBN
978-2-494069-31-2
ISSN
2352-5398
DOI
10.2991/978-2-494069-31-2_227How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhe Ren
PY  - 2022
DA  - 2022/12/29
TI  - Financial Contagion of Chinese Financial Market to the Developed and Developing Countries During the Corona Virus Disease 2019 (COVID-19) Epidemic
BT  - Proceedings of the 2022 6th International Seminar on Education, Management and Social Sciences (ISEMSS 2022)
PB  - Atlantis Press
SP  - 1932
EP  - 1939
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-31-2_227
DO  - 10.2991/978-2-494069-31-2_227
ID  - Ren2022
ER  -