Guest editorial: Uncertainty and asset prices: evidence at times of COVID-19 and beyond

The evidence shows that real stock returns and inflation for the US, FR, BD, UK, IT and BR are negatively correlated with inflation, which is consistent with the recent findings of Chiang (2023) on stock return uncertainty resulting from rising inflation. [...]data indicate that both oil and Bitcoin...

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Bibliographic Details
Published inChina finance review international Vol. 13; no. 3; pp. 305 - 308
Main Authors Chiang, Thomas C., Tang, Yi
Format Journal Article
LanguageEnglish
Published Beijing Emerald Publishing Limited 09.08.2023
Emerald Group Publishing Limited
Subjects
COVID-19
Digital currencies
Economic policy
Emerging markets
Hedging
Households
Hypotheses
Inflation
Inflation rates
Institutional investments
Investigations
Pandemics
Phillips curve
Rates of return
Securities markets
Stock exchanges
Trade policy
Volatility
Malaysia
Singapore
United Kingdom > UK
United States > US
China
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Summary:The evidence shows that real stock returns and inflation for the US, FR, BD, UK, IT and BR are negatively correlated with inflation, which is consistent with the recent findings of Chiang (2023) on stock return uncertainty resulting from rising inflation. [...]data indicate that both oil and Bitcoin hold positive value, suggesting that these two assets can be used to hedge against inflation. [...]underpricing during the pandemic is not significantly greater due to a 10% daily price limit, which leads to a gradual release of retail investor appetite and an increase in stock prices in the short term. [...]retail investors controlled 66% of the market during the pandemic compared with 35% previously, while foreign institutional investor market share declined from 53% to 6%. [...]investors may benefit from using cryptocurrencies as a risk management tool during times of uncertainty.
ISSN:2044-1398
2044-1401
DOI:10.1108/CFRI-08-2023-278