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The Ukraine-Russia war and systemic financial stress

Author

Listed:
  • Whelsy Boungou

    (Paris School of Business)

  • Francis Osei-Tutu

    (EM Strasbourg)

  • Alhonita Yatié

    (University of Bordeaux)

  • Amara Zongo

    (University of Bordeaux)

Abstract

In this paper, we investigate the impact of the ongoing conflict between Ukraine and Russia on systemic risk in financial markets. Using daily systemic risk data from 28 countries between December 2021 and April 2022, we highlight strong financial stress since the invasion of Ukraine by Russia. In doing so, we provide the first evidence of the impact of the Ukraine-Russia war on systemic risk.

Suggested Citation

  • Whelsy Boungou & Francis Osei-Tutu & Alhonita Yatié & Amara Zongo, 2022. "The Ukraine-Russia war and systemic financial stress," Economics Bulletin, AccessEcon, vol. 42(3), pages 1203-1220.
    • Handle: RePEc:ebl:ecbull:eb-22-00436
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2022/Volume42/EB-22-V42-I3-P102.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Systemic stress; War; Ukraine; Russia.;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

    Statistics

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