TRABALHOS DE FIM DE CURSO @PUC-Rio
| Título: | THE EFFECTS OF THE COVID-19 PANDEMIC AND THE ECONOMIC UNCERTAINTY IN THE BRAZILIAN FINANCIAL MARKET: AN APPLICATION ON THE BOVESPA INDEX | ||||||||||||
| Autor(es): |
JOAO GABRIEL SAUNDERS DA FONTE DE QUEIROZ |
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| Colaborador(es): |
MARCELO CABUS KLOTZLE - Orientador |
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| Catalogação: | 12/ABR/2023 | Língua(s): | PORTUGUESE - BRAZIL |
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| Tipo: | TEXT | Subtipo: | SENIOR PROJECT | ||||||||||
| Notas: |
[pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio. [en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio. |
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| Referência(s): |
[pt] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/TFCs/consultas/conteudo.php?strSecao=resultado&nrSeq=62170@1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/TFCs/consultas/conteudo.php?strSecao=resultado&nrSeq=62170@2 |
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| DOI: | https://doi.org/10.17771/PUCRio.acad.62170 | ||||||||||||
| Resumo: | |||||||||||||
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The present study aims to evaluate the performance of Bovespa index prior to the onset of the Covid-19 pandemic in Brazil, considering the latter a Black Swan event. To empirically test this effect, a simple regression analysis was performed between the Bovespa index returns and the Economic Uncertainty indicators, Economic Policy Uncertainty and Infectious Disease Equity Market Volatility Tracker, in addition to the monthly number of infected variable. Furthermore, this study gathered and analyzed data from 2012 to 2022 in monthly series. The results revealed that the Economic Uncertainty Indicator from FGV had stronger explanatory power of Bovespa index performance, demonstrating the increased volatility unleashed by the pandemic in the Brazilian financial market.
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