Covid-19, Government Initiatives, and Stock Market Liquidity: A Post Pandemic Study from Emerging Economy- Pakistan
DOI:
https://doi.org/10.62019/abcief.v2i2.31Keywords:
COVID-19, Stock Market liquidity, Stringency Index, Confirmed Cases Death Case, PakistanAbstract
This is post COVID-19 study which focuses on two proxies of COVID-19 and its impact on Pakistan and government initiatives' stock market liquidity and the human cost by exploring the rate of spread of COVID-19 infections. Using time-series data of the Pakistan Stock Exchange from January 2, 2020 to December 03, 2021which covers all the three waves of COVID-19 and finding suggests that an increasing (decreasing) trend in the COVID-19 confirmed cases is connected with improving (deteriorating) liquidity of Pakistan's stock market. This study concludes that policy interventions are related to stock market liquidity. Results reveal that government initiatives' control over the COVID-19 cases reduces the uncertainty among the market and investors and help policy makers for making effective policies if such kinds of uncertain diseases come again
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