A Theoretical-conceptual Approach to the Particularities and Functions of the Stock Markets, in the Context of the Pandemic Period
Anca Ioana Iacob (Troto) ()
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Anca Ioana Iacob (Troto): University of Craiova
Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 2, 948-956
Abstract:
This study combines characteristics of stock markets that define the conditions under which complex financial mechanisms work. Through an analysis of the concepts that define stock markets, the study defines their characteristics. The scientific study aims to develop, by similarity, the concept of "suspension spring" as a defining feature, as a behavioural feature of financial markets. This concept expresses the tendency to return to the initial state of the stock exchanges in the event of shocks and to resume the cyclical trend and incorporates in the characterization of the heteroscedastic stock market that it manifests, by analogy with the random flexibility of an arc. In the context of the health crisis, the paper translates theoretical concepts into recommendations to participants of the stock markets on caution and good practices in decision-making moments, when at this time it is not possible to predict the impact that the Covid-19 crisis will have.
Keywords: financial markets; stock market characteristics; financial crisis (search for similar items in EconPapers)
JEL-codes: G01 G10 G14 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:2:p:948-956
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