The financial repercussions of military escalation

【Author】 Santorsola, Marco; Caferra, Rocco; Morone, Andrea

【Source】PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS

【影响因子】3.778

【Abstract】This paper investigates the initial market reactions to the February 2022 military escalation. We provide an overview while discriminating for different investment classes, shining light on the intensity of the geopolitical risk and on potential hedging properties of specific assets (such as gold and Bitcoin). Results deliver preliminary evidence supporting a more pronounced effect in the Eurozone and the UK stock markets, while gold and bitcoin showcase their resilience to war-induced negative economic effects. (C) 2022 Elsevier B.V. All rights reserved.

【Keywords】Conflicts; Geopolitical risk; Hedging; Financial markets; Crypto; Gold

【发表时间】2022 OCT 1

【收录时间】2022-10-28

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-数字货币