Finance

Macroeconomics

Pathology

Business

Systemic risk

Economics

Interest rate

Financial market

Financial crisis

Disease

Coronavirus disease 2019 (COVID-19)

Infectious disease (medical specialty)

Monetary economics

Medicine

Financial system

Pandemic

Finance research letters

The rapid spread of coronavirus (COVID-19) has dramatic impacts on financial markets all over the world. It has created an unprecedented level of risk, causing investors to suffer significant loses in a very short period of time. This paper aims to map the general patterns of country-specific risks and systemic risks in the global financial markets. It also analyses the potential consequence of policy interventions, such as the US' decision to implement a zero-percent interest rate and unlimited quantitative easing (QE), and to what extent these policies may introduce further uncertainties into global financial markets.

Financial markets under the global pandemic of COVID-19