<?xml version="1.0" encoding="UTF-8"?><xml><records><record><source-app name="Biblio" version="7.x">Drupal-Biblio</source-app><ref-type>17</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Stephanos Papadamou</style></author><author><style face="normal" font="default" size="100%">Dimitris Kenourgios</style></author><author><style face="normal" font="default" size="100%">Athanasios Fassas</style></author><author><style face="normal" font="default" size="100%">Dimitrios Dimitriou</style></author></authors></contributors><titles><title><style face="normal" font="default" size="100%">Flight-to-quality between global stock and bond markets in the COVID era</style></title><secondary-title><style face="normal" font="default" size="100%">Finance Research Letters, 38, 101852</style></secondary-title></titles><dates><year><style  face="normal" font="default" size="100%">2021</style></year></dates><urls><web-urls><url><style face="normal" font="default" size="100%">https://doi.org/10.1016/j.frl.2020.101852</style></url></web-urls></urls><language><style face="normal" font="default" size="100%">eng</style></language><abstract><style face="normal" font="default" size="100%">&lt;p&gt;We investigate the impact of the recent COVID-19 pandemic on the time-varying correlation between stock and bond returns. Using daily data on bond and stock returns for ten countries, covering Europe, Asia, US and Australia regions, we identify flight-to-quality episodes during the COVID-19 global pandemic crisis employing both a panel data specification and a wavelet analysis. Our empirical results demonstrate that flights occur simultaneously across countries and are not country-specific events. This finding suggests that the two largest asset classes offered diversification to investors during the recent crisis, when they actually needed it the most.&lt;/p&gt;</style></abstract></record></records></xml>