Canadian Social Science
The Research of the Impact of Unconventional Emergencies on the Yield of Stock and Bond Markets
Abstract
Unconventional emergencies will have an impact on financial markets. Studying on unconventional emergencies’ impact on the financial markets is benefit to improve investors’ risk awareness, and avoid the risks of unconventional emergencies. This paper uses ARIMA model to study the impact of Wenchuan earthquake on the stock market and bond market return. The results show that, because of investors’ “flight-to-quality” behavior, Wenchuan earthquake had a negative impact on China's stock market, while had a positive impact on the bond market.
Key words: Unconventional emergencies; stock market; bond market; ARIMA model
Keywords
DOI: http://dx.doi.org/10.3968/j.css.1923669720110706.111
Refbacks
- There are currently no refbacks.
Copyright (c)
Reminder
- How to do online submission to another Journal?
- If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:
Submission Guidelines for Canadian Social Science
We are currently accepting submissions via email only. The registration and online submission functions have been disabled.
Please send your manuscripts to [email protected]，or [email protected] for consideration. We look forward to receiving your work.
Articles published in Canadian Social Science are licensed under Creative Commons Attribution 4.0 (CC-BY).
Canadian Social Science Editorial Office
Address: 1020 Bouvier Street, Suite 400, Quebec City, Quebec, G2K 0K9, Canada.
Telephone: 1-514-558 6138
Website: Http://www.cscanada.net; Http://www.cscanada.org
E-mail:[email protected]; [email protected]
Copyright © Canadian Academy of Oriental and Occidental Culture 
