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Moritz Kellers
- 1 February 2021
- ECONOMIC BULLETIN - BOXRotation towards normality – the impact of COVID-19 vaccine-related news on global financial marketsEconomic Bulletin Issue 1, 2021Details
- Abstract
- Using a database on vaccine probability events dating back to April 2020, this box assesses the impact of a broad range of COVID-19 vaccine-related news on global financial markets. It finds that positive vaccine news leads to a rotation back towards assets hardest hit by the pandemic, disproportionately benefits lagging economies and has a positive net effect on financial conditions.
- JEL Code
- F30 : International Economics→International Finance→General
G15 : Financial Economics→General Financial Markets→International Financial Markets