The outbreak of the corona pandemic has led to drastic price losses on the financial markets. DAX30 or Dow Jones Industrial Average lost 40% of its value from the end of February to the end of March 2020. The crash was followed by a V-shaped recovery until early 2021 and price records in many markets. Critics regard this extreme volatility as an indication of the irrationality of the financial markets. In this discussion, we will focus on the role of information and expectations. An attempt is made to differentiate the negative material effects of the pandemic on companies from the reports about the pandemic in the press and social media. In addition, the expectation management around the publication of the labor market figures in the USA is analyzed. The interventions of the ECB to support the markets are discussed from a practical point of view.

Keynote speeches by:

• Prof. Dr. Ostap Okhrin (Professor of Econometrics and Statistics, especially in Transportation, Faculty of Transportation Sciences, TU Dresden)
• Dr. Tony Klein (Assistant Professor in Finance, Queen’s Management School, Belfast)
• Jürgen Klaus (Team Lead, Funding and Investor Relations, Derivatives and Market Intelligence, European Stability Mechanism)

Moderation:

• Prof. Dr. Stefan Eichler (Professor for International Monetary Economics, Faculty of Economics, TU Dresden)

More information/link to the event: Further information on the Corona discussion series and the access link to the Zoom conference at:

https://tu-dresden.de/wiwi/coronavortragsreihe