Template-Type: ReDIF-Paper 1.0
Author-Name: Marlene Amstad
Author-X-Name-First: Marlene
Author-X-Name-Last: Amstad
Author-Name: Giulio Cornelli
Author-X-Name-First: Giulio
Author-X-Name-Last: Cornelli
Author-Name: Leonardo Gambacorta
Author-X-Name-First: Leonardo
Author-X-Name-Last: Gambacorta
Author-Name: Dora Xia
Author-X-Name-First: Dora
Author-X-Name-Last: Xia
Title: Investors' risk attitudes in the pandemic and the stock market: new evidence based on internet searches
Abstract: The sharp drop and subsequent rebound in global stock markets in the current pandemic focuses attention on changes in investors' risk attitudes. A new Covid-19 risk attitude (CRA) index for 61 markets, based on internet searches in Google and Baidu, does a good job at capturing investors' attitudes toward pandemic-related risks. Stock markets are more sensitive to changes in the CRA index in more financially developed economies. Stock markets are less sensitive in jurisdictions that have restricted mobility less and that have enacted other containment measures against the pandemic.
Length: 9 pages
Creation-Date: 2020-06-26
File-URL: https://www.bis.org/publ/bisbull25.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/bisbull25.htm
File-Format: text/html
Number: 25
Handle: RePEc:bis:bisblt:25