International Journal of Creative Research and Studies


Volume 8 Issue 4, April-2024



Title: TESTING THE RESILIENCE OF STOCK MARKETS DURING THE COVID-19 CRISIS: A CROSS-REGIONAL ANALYSIS IN AFRICA

Author: Gnoleba Martin Zahore


Abstract:

The objective of this study was not only to test the impact of the pandemic of COVID-19, on the dynamism of financial markets in Sub-Saharan Africa in a cross-regional context, but also on their resilience and hence their level of efficiency under the classical assumption of efficient financial markets (financial securities). The results of the coherence wavelet estimations confirm the resilience and therefore efficiency of all stock prices in our working sample to various degrees. These results reassure investors who are reluctant to invest in Africa in times of crisis that African stock markets react very weakly to the negative impact of crises. They can therefore still operate on the stock market in this continent without risk of sudden loss.


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IJCRS DESCRIPTION

ISSN:0249-4655

Publisher:Knowledge-Ridge Publishers

Area/Scope:Business Economics and Management ;Social Science, Literature, Arts and Humanities; Engineering and Technology; Life Science and Physical Science; Health and Medical Science

Frequency: Monthly

Format:Online & Print

Language:English

Review-Process:Double Blinded

Access: Open Access