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Did Bubble Activity Intensify During COVID-19?

Author

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  • Paresh Kumar Narayan

    (Centre for Financial Econometrics, Deakin University, Australia)

Abstract

In this note, we utilize hourly exchange rate data for Japanese Yen, Canadian dollar, European Euro and the British pound to search for possible bubble type behavior. We identify evidence that bubble activity characterizes all four exchange rates more so in the COVID-19 period. We also show that bubble activity intensified during the COVID-19 period, implying markets became relatively more inefficient compared to the pre-COVID-19 period.

Suggested Citation

  • Paresh Kumar Narayan, 2021. "Did Bubble Activity Intensify During COVID-19?," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 1(2), pages 1-5.
    • Handle: RePEc:ayb:jrnael:12
    DOI: 2021/06/27
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    References listed on IDEAS

    as
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    Cited by:

    1. Lu, Changrong & Li, Jiaxiang & Liu, Lian & Yu, Fandi, 2023. "Spillover effect of the RMB and Non-USD currencies after the COVID-19 pandemic: Evidence captured from 30-minute high frequency data," International Review of Economics & Finance, Elsevier, vol. 84(C), pages 527-552.
    2. Darjana Darjana & Sudarso Kadero Wiryono & Deddy Priatmodjo Koesrindartoto, 2022. "Does Credit Performance Change In The Post- Covid-19? Evidence From Java Island, Indonesia," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 25(2), pages 257-272, August.

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    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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