文章基本信息

标题：A Theoretical-conceptual Approach to the Particularities and Functions of the Stock Markets, in the Context of the Pandemic Period
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作者：Anca Ioana Iacob
期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2020
卷号：20
期号：2
页码：948-956
语种：English
出版社：Ovidius University Press
摘要：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.
关键词：financial markets;stock market characteristics;financial crisis