Coronavirus Crisis, Energy Markets and Policies and Their Macro-Financial Implications
A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".
Deadline for manuscript submissions: closed (30 April 2022) | Viewed by 18184
Special Issue Editor
Interests: energy economics and finance; environmental and energy policies; financial macroeconomics; banking; finance; investment
Special Issue Information
Dear Colleagues,
The coronavirus (COVID-19) pandemic broke out in Wuhan (Hubei region, China) on 31 December 2019. One month later, it had gradually grown to a global issue. After three months, the pandemic (called in medical terms SARS-CoV-2) had affected all countries, generating almost 1 million infections and thousands of deaths. Starting in February 2020, the financial markets reacted to the fear and panic triggered by the new coronavirus crisis. The real economy is severely shaken, and sectors like tourism and transport are nearly paralyzed. Food shortages appeared in developed countries, particularly in Europe. Although the virus looked to be almost defeated in China, a second phase of the COVID-19 spread hit Europe and the United States. The oil prices seemed to gradually accommodate the shocks until 9 March 2020, when Saudi Arabia flooded the market with oil. As a consequence, the crude oil price plunged by more than 20% in one day and the shock rapidly propagated to financial markets. The oil prices continued to fall in March 2020.
In this context, the present Special Issue entitled “Coronavirus Crisis, Energy Markets and Policies and Their Macro-Financial Implications” is designed to find answers to the following questions: How will the coronavirus crisis affect energy supply and consumption? How will energy policies change in the context of the new crisis? How does the coronavirus-induced uncertainty influence the energy prices? What will be the macro-financial impact of energy policies, and how will the coronavirus, and the energy consumption, affect the business cycle? What are the recommendations for portfolio analysts and risk managers dealing with energy price movements in extreme situations? Will energy markets behave differently after the coronavirus crisis?
Topics include, but are not limited to:
- The impact of the coronavirus crisis on energy supply and demand.
- The impact of the coronavirus crisis on the productivity of energy firms.
- The coronavirus oil collapse and OPEC supply policies.
- The dynamics of coronavirus numbers and the energy price volatility.
- The impact of the coronavirus crisis on the production of renewables.
- Event studies related to the impact of coronavirus on oil prices.
- Fuel prices co-movements in the context of the new coronavirus crisis.
- Extreme dependencies in energy prices and portfolio analyses.
- Energy policies in times of crisis.
- The interaction between coronavirus-induced uncertainty, economic policy and financial uncertainty, and their impact on energy prices.
- Energy prices and inflation in the context of the new coronavirus crisis.
- Energy prices and currency markets in the context of the new coronavirus crisis.
- Energy consumption fluctuations triggered by the coronavirus fear.
- Coronavirus, energy consumption, and global economic downturns.
- The non-linear interactions between energy prices and financial volatility.
- The identification of permanent and transitory shocks in energy prices.
Prof. Dr. Claudiu Albulescu
Guest Editor
Manuscript Submission Information
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Keywords
- coronavirus
- COVID-19
- energy markets
- energy policies
- energy prices
- uncertainty
- shocks
- crisis
- macro-financial implications