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The economic effects of violent conflict: evidence from asset market reactions Author info | Abstract | Publisher info | Download info | Related research | Statistics Massimo Guidolin
Eliana La Ferrara
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This paper studies the effects of conflict onset on asset markets applying the event study methodology. We consider a sample of 112 conflicts during the period 1974-2004 and find that a sizeable fraction of them had a significant impact on stock market indices and on major commodity prices. Furthermore, our results suggest that we are more likely to see investor reactions in response to conflicts that occur in highly polarized settings, possibly because the expected duration and intensity of the conflict is higher.
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Paper provided by Federal Reserve Bank of St. Louis in its series Working Papers with number
2005-066.
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Date of creation: 2005Date of revision:
Handle: RePEc:fip:fedlwp:2005-066Contact details of provider: Postal: P.O. Box 442, St. Louis, MO 63166 Fax: (314)444-8753 Web page: http://www.stlouisfed.org/ More information through EDIRC
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Keywords: Stock exchanges ; Prices ; Other versions of this item:
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 1999.
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Justin Wolfers & Eric Zitzewitz, 2009.
"Using Markets to Inform Policy: The Case of the Iraq War ,"
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London School of Economics and Political Science, vol. 76(302), pages 225-250, 04.
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Klaus Abbink & Jordi Brandts & Benedikt Herrmann & Henrik Orzen, 2007.
"Inter-Group Conflict and Intra-Group Punishment in an Experimental Contest Game ,"
Discussion Papers
2007-15, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
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Other versions: Karolyi, G. Andrew, 2006.
"The Consequences of Terrorism for Financial Markets: What Do We Know? ,"
Working Paper Series
2006-6, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
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