The impact of the Russian-Ukrainian war on global financial markets
On February 24, 2022, Russia invaded the Ukraine. In this paper, we analyze the response of European and global stock markets alongside a representative sample of commodities. We compare the war response against the recent Covid-19 pandemic and the not-too-distant 2008 global financial crisis. Apply...
Saved in:
| Published in: | International review of financial analysis Vol. 87; p. 102598 |
|---|---|
| Main Authors: | , , , , |
| Format: | Journal Article |
| Language: | English |
| Published: |
Elsevier Inc
01-05-2023
|
| Subjects: | |
| Online Access: | Get full text |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Abstract | On February 24, 2022, Russia invaded the Ukraine. In this paper, we analyze the response of European and global stock markets alongside a representative sample of commodities. We compare the war response against the recent Covid-19 pandemic and the not-too-distant 2008 global financial crisis. Applying a Markov-switching HAR model on volatility proxies, estimates are made of synchronization, duration and intensity measures for each event. In broad terms, stock markets and commodities respond most rapidly to the Russian invasion; and post-invasion crisis intensity is noticeably smaller compared to both the Covid-19 and the GFC. Wheat and nickel are the most affected commodities due to the prominent exporter status of the two countries.
•We analyse stock market and commodity reaction to the Russian-Ukrainian war.•We compare synchronization, duration and intensity of the war to other crises.•Financial markets responded earlier to the war event than either the GFC or Covid-19.•Intensity metrics, show the war to be muted compared to the GFC or Covid-19.•High crisis intensity reveals ongoing pressure to commodities. |
|---|---|
| AbstractList | On February 24, 2022, Russia invaded the Ukraine. In this paper, we analyze the response of European and global stock markets alongside a representative sample of commodities. We compare the war response against the recent Covid-19 pandemic and the not-too-distant 2008 global financial crisis. Applying a Markov-switching HAR model on volatility proxies, estimates are made of synchronization, duration and intensity measures for each event. In broad terms, stock markets and commodities respond most rapidly to the Russian invasion; and post-invasion crisis intensity is noticeably smaller compared to both the Covid-19 and the GFC. Wheat and nickel are the most affected commodities due to the prominent exporter status of the two countries.
•We analyse stock market and commodity reaction to the Russian-Ukrainian war.•We compare synchronization, duration and intensity of the war to other crises.•Financial markets responded earlier to the war event than either the GFC or Covid-19.•Intensity metrics, show the war to be muted compared to the GFC or Covid-19.•High crisis intensity reveals ongoing pressure to commodities. |
| ArticleNumber | 102598 |
| Author | Muradoğlu, Yaz Gülnur Sivaprasad, Sheeja Petropoulou, Athina Izzeldin, Marwan Pappas, Vasileios |
| Author_xml | – sequence: 1 givenname: Marwan surname: Izzeldin fullname: Izzeldin, Marwan email: m.izzeldin@lancaster.ac.uk organization: Lancaster University, Lancaster LA1 4YW, UK – sequence: 2 givenname: Yaz Gülnur surname: Muradoğlu fullname: Muradoğlu, Yaz Gülnur email: y.g.muradoglu@qmul.ac.uk organization: Queen Mary University of London, E1 4NS UK – sequence: 3 givenname: Vasileios surname: Pappas fullname: Pappas, Vasileios email: v.pappas@kent.ac.uk organization: University of Kent, Kent ME4 4TE, UK – sequence: 4 givenname: Athina surname: Petropoulou fullname: Petropoulou, Athina email: ap102@soas.ac.uk organization: SOAS University of London, WC1H 0XG, UK – sequence: 5 givenname: Sheeja surname: Sivaprasad fullname: Sivaprasad, Sheeja email: s.sivaprasad@westminster.ac.uk organization: University of Westminster, London NW1 5LS, UK |
| BookMark | eNp9kNtKAzEQhoNUsK2-gFd5gV2TbLOTgDdSPEFBkHodstmJpodsSVbFtzelXns13wz8w883I5M4RCTkmrOaM97ebOqQvK0FE005CKnVGZlyBU2lGOhJYSahkoLrCzLLecMYk7KFKVmuP5CG_cG6kQ6ejmV7_cw52Fi9bZMNsRD9tokOkb7vhs7uqA_RRhcK7W3a4pgvybm3u4xXf3NO1g_36-VTtXp5fF7erSrXAIyV1IjYKS2FBdYxBNX1XPO-6xdqwaDTHhZKgMcW21Z7ydEDgNDAlW2laOZEnN66NOSc0JtDCqXCj-HMHC2YjTlaMEcL5mShhG5PISzFvgImk13A6LAPCd1o-iH8F_8FYP5nEw |
| CitedBy_id | crossref_primary_10_2139_ssrn_4446331 crossref_primary_10_3390_en17133160 crossref_primary_10_1057_s41599_023_01659_1 crossref_primary_10_3390_economies12050106 crossref_primary_10_3390_su151310741 crossref_primary_10_3390_su15119005 crossref_primary_10_1016_j_heliyon_2023_e22974 crossref_primary_10_1016_j_eneco_2024_107404 crossref_primary_10_32782_2524_0072_2024_63_64 crossref_primary_10_3390_en17050979 crossref_primary_10_1108_SEF_01_2024_0029 crossref_primary_10_1111_issj_12460 crossref_primary_10_1080_00207233_2024_2314862 crossref_primary_10_1016_j_ejpoleco_2024_102553 crossref_primary_10_1007_s11157_024_09691_6 crossref_primary_10_2478_subboec_2023_0004 crossref_primary_10_3846_bmee_2024_19799 crossref_primary_10_1002_ijfe_2887 crossref_primary_10_1016_j_najef_2024_102194 crossref_primary_10_23939_semi2024_01_022 crossref_primary_10_1007_s43546_023_00619_w crossref_primary_10_1108_SEF_11_2023_0675 crossref_primary_10_1111_1467_8268_12745 crossref_primary_10_1016_j_heliyon_2024_e29279 crossref_primary_10_1080_09654313_2023_2267250 crossref_primary_10_1016_j_eneco_2023_107034 crossref_primary_10_35774_jee2023_02_287 crossref_primary_10_1016_j_frl_2023_104604 crossref_primary_10_1186_s40854_023_00607_x crossref_primary_10_37394_23207_2024_21_119 crossref_primary_10_1016_j_resourpol_2023_103775 crossref_primary_10_1016_j_frl_2023_104249 crossref_primary_10_1016_j_irfa_2024_103341 crossref_primary_10_1016_j_jenvman_2024_121094 crossref_primary_10_2478_ecdip_2023_0002 crossref_primary_10_3390_math11184005 crossref_primary_10_1016_j_jenvman_2023_119995 crossref_primary_10_2139_ssrn_4595290 crossref_primary_10_1080_23311908_2024_2326793 crossref_primary_10_29407_intensif_v7i2_19999 crossref_primary_10_33119_GN_184318 crossref_primary_10_1016_j_joitmc_2023_100116 crossref_primary_10_24891_ni_19_6_1109 crossref_primary_10_61506_01_00058 crossref_primary_10_1016_j_tourman_2023_104813 crossref_primary_10_1016_j_jebo_2023_11_015 crossref_primary_10_2139_ssrn_4785389 crossref_primary_10_1016_j_irfa_2024_103152 crossref_primary_10_2139_ssrn_4056137 crossref_primary_10_3390_risks12020036 crossref_primary_10_1016_j_frl_2023_104895 crossref_primary_10_1016_j_irfa_2024_103194 crossref_primary_10_1016_j_iref_2024_03_042 crossref_primary_10_1080_00036846_2024_2359092 crossref_primary_10_1016_j_frl_2024_105502 crossref_primary_10_1007_s10961_024_10067_9 crossref_primary_10_2139_ssrn_4342451 crossref_primary_10_1080_10242694_2023_2277031 crossref_primary_10_3390_agronomy13071818 crossref_primary_10_5937_ekonhor2401099E crossref_primary_10_1016_j_ribaf_2023_102044 crossref_primary_10_1016_j_resourpol_2023_103792 crossref_primary_10_31857_S0201708323060050 crossref_primary_10_1016_j_eneco_2023_107058 crossref_primary_10_1371_journal_pone_0286963 crossref_primary_10_3390_economies12020041 crossref_primary_10_1016_j_eneco_2024_107473 crossref_primary_10_55643_fcaptp_1_54_2024_4253 crossref_primary_10_1016_j_irfa_2024_103320 crossref_primary_10_1016_j_gfj_2023_100925 |
| Cites_doi | 10.1093/jjfinec/nbab025 10.1016/j.irfa.2020.101465 10.1111/1468-0335.00249 10.1016/j.econlet.2013.01.014 10.1016/j.jeconom.2018.05.004 10.1111/1468-0335.00305 10.1016/j.irfa.2015.09.010 10.1002/jae.691 10.1016/j.jeconom.2015.10.007 10.1016/S0165-1765(00)00269-X 10.1093/jjfinec/nbp001 10.1016/j.econlet.2009.11.011 10.1016/S0304-405X(01)00055-1 10.1017/S0968565004000046 10.1093/qje/qjw024 10.1016/j.frl.2021.101923 10.1257/aer.20191823 10.1093/rapstu/raaa008 10.1016/S0378-4266(00)00162-X 10.1111/1468-0262.00418 10.1016/j.irfa.2016.06.015 10.1016/j.econlet.2016.12.002 10.1016/j.jbankfin.2009.11.004 10.1016/j.eeh.2007.09.004 10.1016/j.jfineco.2011.02.019 10.1080/09603100903166189 10.1016/j.physa.2011.08.008 10.1016/j.jbankfin.2004.06.040 10.3982/ECTA17056 10.1016/j.jbankfin.2021.106153 10.1016/j.ijforecast.2003.09.007 10.1016/j.jbankfin.2003.08.001 10.1016/j.irfa.2015.05.015 10.1016/j.irfa.2021.101671 10.1016/j.eneco.2016.02.015 10.2307/1912559 |
| ContentType | Journal Article |
| Copyright | 2023 The Authors |
| Copyright_xml | – notice: 2023 The Authors |
| DBID | 6I. AAFTH AAYXX CITATION |
| DOI | 10.1016/j.irfa.2023.102598 |
| DatabaseName | ScienceDirect Open Access Titles Elsevier:ScienceDirect:Open Access CrossRef |
| DatabaseTitle | CrossRef |
| DatabaseTitleList | |
| DeliveryMethod | fulltext_linktorsrc |
| Discipline | Business |
| EISSN | 1873-8079 |
| ExternalDocumentID | 10_1016_j_irfa_2023_102598 S105752192300114X |
| GrantInformation_xml | – fundername: Lancaster University funderid: https://doi.org/10.13039/100010029 – fundername: GulfOne Lab for Computational and Economic Research (GOLCER) |
| GroupedDBID | --K --M .~1 0R~ 1B1 1RT 1~. 1~5 29J 4.4 457 4G. 5GY 5VS 6I. 7-5 71M 8P~ 8VB 96U 9JO AACTN AAEDT AAEDW AAFFL AAFTH AAIAV AAIKJ AAKOC AALRI AAOAW AAPFB AAQFI AAQXK AAXUO ABFNM ABJNI ABMAC ABPPZ ABXDB ABYKQ ACBMB ACDAQ ACGFO ACGFS ACHQT ACRLP ACROA ADBBV ADEZE ADFHU ADMUD AEBSH AEKER AEMOZ AEYQN AFAZI AFKWA AFODL AFTJW AGHFR AGTHC AGUBO AGYEJ AHHHB AIEXJ AIIAU AIKHN AITUG AJBFU AJOXV AJWLA AKVCP ALMA_UNASSIGNED_HOLDINGS AMFUW AMRAJ ASPBG AVWKF AXJTR AXLSJ AZFZN BEHZQ BEZPJ BGSCR BKOJK BLXMC BNTGB BPUDD BULVW BZJEE CS3 DO4 EBE EBR EBS EBU ECR EFJIC EFLBG EHE EJD EMH EMK EO8 EO9 EOH EP2 EP3 FDB FEDTE FGOYB FIRID FNPLU FYGXN G-2 G-Q GBLVA HMB HVGLF HZ~ IHE IXIXF J1W K1G KOM LXL LXN LY5 M41 MO0 N9A O-L O9- OAUVE OZT P-8 P-9 P2P PC. PQQKQ Q38 QWB R2- RIG ROL RPZ SDF SDG SDP SEB SEE SES SEW SPCBC SSB SSF SSZ T5K TH9 U5U UHS WUQ XFK XYO YK3 ZL0 ZRQ ~8M ~G- AAXKI AAYXX AFJKZ AKRWK CITATION |
| ID | FETCH-LOGICAL-c377t-59eeeb8952a70b0e78bd191dbd48407b9f74827fe6e669f51ef77729718a6523 |
| ISSN | 1057-5219 |
| IngestDate | Thu Sep 26 17:21:00 EDT 2024 Fri Feb 23 02:34:38 EST 2024 |
| IsDoiOpenAccess | true |
| IsOpenAccess | true |
| IsPeerReviewed | true |
| IsScholarly | true |
| Keywords | Ukraine war Financial markets C24 Markov switching Commodities HAR G15 |
| Language | English |
| License | This is an open access article under the CC BY license. |
| LinkModel | OpenURL |
| MergedId | FETCHMERGED-LOGICAL-c377t-59eeeb8952a70b0e78bd191dbd48407b9f74827fe6e669f51ef77729718a6523 |
| OpenAccessLink | https://dx.doi.org/10.1016/j.irfa.2023.102598 |
| ParticipantIDs | crossref_primary_10_1016_j_irfa_2023_102598 elsevier_sciencedirect_doi_10_1016_j_irfa_2023_102598 |
| PublicationCentury | 2000 |
| PublicationDate | May 2023 2023-05-00 |
| PublicationDateYYYYMMDD | 2023-05-01 |
| PublicationDate_xml | – month: 05 year: 2023 text: May 2023 |
| PublicationDecade | 2020 |
| PublicationTitle | International review of financial analysis |
| PublicationYear | 2023 |
| Publisher | Elsevier Inc |
| Publisher_xml | – name: Elsevier Inc |
| References | Choudhry (bb0100) 2010; 34 Nozawa, Qiu (bb0220) 2021; 133 BBC (bb0035) 2022 Barndorff-Nielsen, Shephard (bb0030) 2002; 17 European Commission (bb0120) 2021 Huang, Hu (bb0190) 2012; 391 Frey, Waldenström (bb0175) 2004; 11 Amihud, Wohl (bb0005) 2004; 28 Daniel (bb0110) 2022, March 9 Sergi, Harjoto, Rossi, Lee (bb0250) 2021; 42 Berner, Cecchetti, Schoenholtz (bb0050) 2022 Izzeldin, Muradoğlu, Pappas, Sivaprasad (bb0205) 2021; 74 (bb0215) 2022 Bollerslev, Li, Patton, Quaedvlieg (bb0060) 2020; 88 Financial Times (bb0140) 2022 Deng, Leippold, Wagner, Wang (bb0115) 2022; 22–29 Financial Times (bb0155) 2022 Financial Times (bb0160) 2022 Eurostat (bb0125) 2022 Ferrara, Mogliani, Sahuc (bb0135) 2022 Frey, Kucher (bb0165) 2000; 69 Andersen, Bollerslev, Diebold, Labys (bb0015) 2003; 71 World Bank (bb0305) 2022 Baker, Bloom, Davis (bb0020) 2016; 131 The Guardian (bb0260) 2022 World Bank (bb0295) 2022 Rigobon, Sack (bb0245) 2005; 29 Benkraiem, Garfatta, Lakhal, Zorgati (bb0040) 2022; 102136 OECD (bb0225) 2022 Omar, Wisniewski, Nolte (bb0230) 2017; 64 Frey, Kucher (bb0170) 2001; 68 Leigh, Wolfers, Zitzewitz (bb0210) 2003 FAO (bb0130) 2022 Zhang (bb0320) 2013; 119 Bradley, Jansen (bb0075) 2004; 20 Wisniewski (bb0285) 2009; 19 Baker, Bloom, Davis, Kost, Sammon, Viratyosin (bb0025) 2020; 10 Berkman, Jacobsen, Lee (bb0045) 2011; 101 Teräsvirta (bb0255) 1994; 89 Huang, Lu (bb0195) 2022; 4060927 Bollerslev, Patton, Quaedvlieg (bb0065) 2016; 192 Brunnermeier, James, J-P, L (bb0085) 2022 Caggiano, Castelnuovo, Figueres (bb0090) 2017; 151 Financial Times (bb0150) 2022 Hamilton (bb0185) 1989 Pestova, Mamonov, Ongena (bb0240) 2022 Bollerslev, Patton, Quaedvlieg (bb0070) 2018; 207 Financial Times (bb0145) 2022 Waldenström, Frey (bb0280) 2008; 45 Caldara, Iacoviello (bb0095) 2022; 112 Wisniewski (bb0290) 2016; 47 Yip, Brooks, Do, Nguyen (bb0315) 2020; 69 Hudson, Urquhart (bb0200) 2015; 40 Tsay (bb0270) 2005 World Bank (bb0300) 2022 Pappas, Ingham, Izzeldin, Steele (bb0235) 2016; 46 Ghoshray (bb0180) 2010; 106 Bollerslev (bb0055) 2022; 20 Corsi (bb0105) 2009; 7 Andersen, Bollerslev, Diebold, Ebens (bb0010) 2001; 61 Tse (bb0275) 2001; 25 Brown, Burdekin (bb0080) 2002; 69 The Guardian (bb0265) 2022 Brown (10.1016/j.irfa.2023.102598_bb0080) 2002; 69 World Bank (10.1016/j.irfa.2023.102598_bb0305) 2022 Nozawa (10.1016/j.irfa.2023.102598_bb0220) 2021; 133 Benkraiem (10.1016/j.irfa.2023.102598_bb0040) 2022; 102136 Omar (10.1016/j.irfa.2023.102598_bb0230) 2017; 64 Bollerslev (10.1016/j.irfa.2023.102598_bb0065) 2016; 192 Huang (10.1016/j.irfa.2023.102598_bb0190) 2012; 391 Wisniewski (10.1016/j.irfa.2023.102598_bb0290) 2016; 47 Frey (10.1016/j.irfa.2023.102598_bb0175) 2004; 11 FAO (10.1016/j.irfa.2023.102598_bb0130) Financial Times (10.1016/j.irfa.2023.102598_bb0150) Izzeldin (10.1016/j.irfa.2023.102598_bb0205) 2021; 74 Teräsvirta (10.1016/j.irfa.2023.102598_bb0255) 1994; 89 Tsay (10.1016/j.irfa.2023.102598_bb0270) 2005 The Guardian (10.1016/j.irfa.2023.102598_bb0265) Sergi (10.1016/j.irfa.2023.102598_bb0250) 2021; 42 Caggiano (10.1016/j.irfa.2023.102598_bb0090) 2017; 151 Brunnermeier (10.1016/j.irfa.2023.102598_bb0085) 2022 Financial Times (10.1016/j.irfa.2023.102598_bb0145) Bollerslev (10.1016/j.irfa.2023.102598_bb0060) 2020; 88 Waldenström (10.1016/j.irfa.2023.102598_bb0280) 2008; 45 Bollerslev (10.1016/j.irfa.2023.102598_bb0070) 2018; 207 World Bank (10.1016/j.irfa.2023.102598_bb0300) 2022 Hudson (10.1016/j.irfa.2023.102598_bb0200) 2015; 40 Daniel (10.1016/j.irfa.2023.102598_bb0110) 2022 Corsi (10.1016/j.irfa.2023.102598_bb0105) 2009; 7 European Commission (10.1016/j.irfa.2023.102598_bb0120) The Guardian (10.1016/j.irfa.2023.102598_bb0260) Baker (10.1016/j.irfa.2023.102598_bb0020) 2016; 131 Caldara (10.1016/j.irfa.2023.102598_bb0095) 2022; 112 Pappas (10.1016/j.irfa.2023.102598_bb0235) 2016; 46 Wisniewski (10.1016/j.irfa.2023.102598_bb0285) 2009; 19 Deng (10.1016/j.irfa.2023.102598_bb0115) 2022; 22–29 Bollerslev (10.1016/j.irfa.2023.102598_bb0055) 2022; 20 Pestova (10.1016/j.irfa.2023.102598_bb0240) 2022 Yip (10.1016/j.irfa.2023.102598_bb0315) 2020; 69 Bradley (10.1016/j.irfa.2023.102598_bb0075) 2004; 20 Ferrara (10.1016/j.irfa.2023.102598_bb0135) 2022 Huang (10.1016/j.irfa.2023.102598_bb0195) 2022; 4060927 OECD (10.1016/j.irfa.2023.102598_bb0225) 2022 Zhang (10.1016/j.irfa.2023.102598_bb0320) 2013; 119 Frey (10.1016/j.irfa.2023.102598_bb0165) 2000; 69 Ghoshray (10.1016/j.irfa.2023.102598_bb0180) 2010; 106 Financial Times (10.1016/j.irfa.2023.102598_bb0160) Financial Times (10.1016/j.irfa.2023.102598_bb0140) Andersen (10.1016/j.irfa.2023.102598_bb0015) 2003; 71 Rigobon (10.1016/j.irfa.2023.102598_bb0245) 2005; 29 Amihud (10.1016/j.irfa.2023.102598_bb0005) 2004; 28 Eurostat (10.1016/j.irfa.2023.102598_bb0125) Financial Times (10.1016/j.irfa.2023.102598_bb0155) Andersen (10.1016/j.irfa.2023.102598_bb0010) 2001; 61 World Bank (10.1016/j.irfa.2023.102598_bb0295) 2022 BBC (10.1016/j.irfa.2023.102598_bb0035) 2022 Baker (10.1016/j.irfa.2023.102598_bb0025) 2020; 10 Hamilton (10.1016/j.irfa.2023.102598_bb0185) 1989 Berner (10.1016/j.irfa.2023.102598_bb0050) 2022 Frey (10.1016/j.irfa.2023.102598_bb0170) 2001; 68 Berkman (10.1016/j.irfa.2023.102598_bb0045) 2011; 101 Tse (10.1016/j.irfa.2023.102598_bb0275) 2001; 25 Leigh (10.1016/j.irfa.2023.102598_bb0210) 2003 Barndorff-Nielsen (10.1016/j.irfa.2023.102598_bb0030) 2002; 17 Choudhry (10.1016/j.irfa.2023.102598_bb0100) 2010; 34 |
| References_xml | – volume: 10 start-page: 742 year: 2020 end-page: 758 ident: bb0025 article-title: The unprecedented stock market reaction to COVID-19 publication-title: The Review of Asset Pricing Studies contributor: fullname: Viratyosin – volume: 11 start-page: 51 year: 2004 end-page: 67 ident: bb0175 article-title: Markets work in war: World war II reflected in the Zurich and Stockholm bond markets publication-title: Financial History Review contributor: fullname: Waldenström – year: 2022 ident: bb0085 article-title: Sanctions and the international monetary system contributor: fullname: J-P, L – year: 2005 ident: bb0270 article-title: Analysis of financial time series contributor: fullname: Tsay – year: 2022 ident: bb0140 article-title: At war with the whole world: Why Putin might be planning for a long conflict in Ukraine contributor: fullname: Financial Times – year: 2022 ident: bb0050 article-title: Russian sanctions: Some questions and answers contributor: fullname: Schoenholtz – year: 2022 ident: bb0295 article-title: Commodity markets outlook: The impact of the war in Ukraine on commodity markets contributor: fullname: World Bank – volume: 46 start-page: 346 year: 2016 end-page: 360 ident: bb0235 article-title: Will the crisis “tear us apart”? Evidence from the EU publication-title: International Review of Financial Analysis contributor: fullname: Steele – volume: 119 start-page: 68 year: 2013 end-page: 71 ident: bb0320 article-title: Revisiting the empirics of inflation in China: A smooth transition error correction approach publication-title: Economics Letters contributor: fullname: Zhang – volume: 74 year: 2021 ident: bb0205 article-title: The impact of Covid-19 on G7 stock markets volatility: Evidence from a ST-HAR model publication-title: International Review of Financial Analysis contributor: fullname: Sivaprasad – year: 2022 ident: bb0035 article-title: Ukraine war could last for years, warns NATO chief contributor: fullname: BBC – volume: 17 start-page: 457 year: 2002 end-page: 477 ident: bb0030 article-title: Estimating quadratic variation using realized variance publication-title: Journal of Applied Econometrics contributor: fullname: Shephard – volume: 22–29 year: 2022 ident: bb0115 article-title: Stock prices and the Russia-Ukraine war: Sanctions, energy and ESG publication-title: Swiss Finance Institute Research Paper contributor: fullname: Wang – volume: 20 start-page: 219 year: 2022 end-page: 252 ident: bb0055 article-title: Realized semi (co) variation: Signs that all volatilities are not created equal publication-title: Journal of Financial Econometrics contributor: fullname: Bollerslev – volume: 29 start-page: 1769 year: 2005 end-page: 1789 ident: bb0245 article-title: The effects of war risk on US financial markets publication-title: Journal of Banking & Finance contributor: fullname: Sack – volume: 7 start-page: 174 year: 2009 end-page: 196 ident: bb0105 article-title: A simple approximate long-memory model of realized volatility publication-title: Journal of Financial Econometrics contributor: fullname: Corsi – volume: 102136 year: 2022 ident: bb0040 article-title: Financial contagion intensity during the COVID-19 outbreak: A copula approach publication-title: International Review of Financial Analysis contributor: fullname: Zorgati – volume: 64 start-page: 494 year: 2017 end-page: 510 ident: bb0230 article-title: Diversifying away the risk of war and cross-border political crisis publication-title: Energy Economics contributor: fullname: Nolte – volume: 28 start-page: 1185 year: 2004 end-page: 1200 ident: bb0005 article-title: Political news and stock prices: The case of Saddam Hussein contracts publication-title: Journal of Banking & Finance contributor: fullname: Wohl – year: 2022 ident: bb0155 article-title: Ukraine conflict: The risks looming for investors contributor: fullname: Financial Times – volume: 47 start-page: 15 year: 2016 end-page: 23 ident: bb0290 article-title: Is there a link between politics and stock returns? A literature survey publication-title: International Review of Financial Analysis contributor: fullname: Wisniewski – volume: 34 start-page: 1022 year: 2010 end-page: 1031 ident: bb0100 article-title: World war II events and the Dow Jones industrial index publication-title: Journal of Banking & Finance contributor: fullname: Choudhry – volume: 68 start-page: 317 year: 2001 end-page: 333 ident: bb0170 article-title: Wars and markets: How bond values reflect the second world war publication-title: Economica contributor: fullname: Kucher – volume: 71 start-page: 579 year: 2003 end-page: 625 ident: bb0015 article-title: Modeling and forecasting realized volatility publication-title: Econometrica contributor: fullname: Labys – volume: 151 start-page: 31 year: 2017 end-page: 34 ident: bb0090 article-title: Economic policy uncertainty and unemployment in the United States: A nonlinear approach publication-title: Economics Letters contributor: fullname: Figueres – year: 2022 ident: bb0145 article-title: IMF cuts global growth forecast to 3.6% as Ukraine war hits neighbours hard contributor: fullname: Financial Times – volume: 19 start-page: 1873 year: 2009 end-page: 1884 ident: bb0285 article-title: Can political factors explain the behaviour of stock prices beyond the standard present value models? publication-title: Applied Financial Economics contributor: fullname: Wisniewski – volume: 133 year: 2021 ident: bb0220 article-title: Corporate bond market reactions to quantitative easing during the COVID-19 pandemic publication-title: Journal of Banking & Finance contributor: fullname: Qiu – volume: 131 start-page: 1593 year: 2016 end-page: 1636 ident: bb0020 article-title: Measuring economic policy uncertainty publication-title: The Quarterly Journal of Economics contributor: fullname: Davis – volume: 89 start-page: 208 year: 1994 end-page: 218 ident: bb0255 article-title: Specification, estimation, and evaluation of smooth transition autoregressive models publication-title: Journal of the American Statistical Association contributor: fullname: Teräsvirta – year: 2022 ident: bb0265 article-title: Ukraine crisis has financial markets spooked, but not yet despondend contributor: fullname: The Guardian – volume: 207 start-page: 71 year: 2018 end-page: 91 ident: bb0070 article-title: Modeling and forecasting (un) reliable realized covariances for more reliable financial decisions publication-title: Journal of Econometrics contributor: fullname: Quaedvlieg – year: 2022 ident: bb0225 article-title: Economic outlook, interim report September 2022: Paying the price of war contributor: fullname: OECD – year: 2022 ident: bb0305 article-title: Implications of the war in Ukraine for the global economy contributor: fullname: World Bank – volume: 69 start-page: 187 year: 2000 end-page: 191 ident: bb0165 article-title: World war II as reflected on capital markets publication-title: Economics Letters contributor: fullname: Kucher – year: 2022 ident: bb0240 article-title: The price of war: Macroeconomic effects of the 2022 sanctions on Russia contributor: fullname: Ongena – year: 2022 ident: bb0300 article-title: Developing economies must act now to dampen the shocks from the Ukraine conflict contributor: fullname: World Bank – volume: 40 start-page: 166 year: 2015 end-page: 177 ident: bb0200 article-title: War and stock markets: The effect of world war two on the British stock market publication-title: International Review of Financial Analysis contributor: fullname: Urquhart – year: 2022 ident: bb0260 article-title: EU agrees plan to ration gas use over Russia supply fears contributor: fullname: The Guardian – volume: 45 start-page: 107 year: 2008 end-page: 126 ident: bb0280 article-title: Did Nordic countries recognize the gathering storm of world war II? Evidence from the bond markets publication-title: Explorations in Economic History contributor: fullname: Frey – volume: 101 start-page: 313 year: 2011 end-page: 332 ident: bb0045 article-title: Time-varying rare disaster risk and stock returns publication-title: Journal of Financial Economics contributor: fullname: Lee – year: 2022, March 9 ident: bb0110 article-title: Demand for EV-powering nickel is so high that one exchange had to halt trading contributor: fullname: Daniel – volume: 88 start-page: 1515 year: 2020 end-page: 1551 ident: bb0060 article-title: Realized semicovariances publication-title: Econometrica contributor: fullname: Quaedvlieg – year: 2022 ident: bb0160 article-title: War in Ukraine: What explains the calm in global stock markets? contributor: fullname: Financial Times – year: 2022 ident: bb0135 publication-title: High-frequency macroeconomic risk measures in the wake of the war in Ukraine contributor: fullname: Sahuc – volume: 69 year: 2020 ident: bb0315 article-title: Dynamic volatility spillover effects between oil and agricultural products publication-title: International Review of Financial Analysis contributor: fullname: Nguyen – volume: 4060927 year: 2022 ident: bb0195 article-title: The cost of Russian sanctions on the global equity markets publication-title: SSRN contributor: fullname: Lu – start-page: 357 year: 1989 end-page: 384 ident: bb0185 article-title: A new approach to the economic analysis of nonstationary time series and the business cycle publication-title: Econometrica contributor: fullname: Hamilton – volume: 69 start-page: 655 year: 2002 end-page: 669 ident: bb0080 article-title: German debt traded in London during the second world war: A British perspective on Hitler publication-title: Economica contributor: fullname: Burdekin – year: 2022 ident: bb0215 article-title: The Russia-Ukraine crisis: What does it mean for markets? – year: 2022 ident: bb0130 article-title: Food and Agriculture Organization of the United States contributor: fullname: FAO – volume: 20 start-page: 321 year: 2004 end-page: 342 ident: bb0075 article-title: Forecasting with a nonlinear dynamic model of stock returns and industrial production publication-title: International Journal of Forecasting contributor: fullname: Jansen – volume: 61 start-page: 43 year: 2001 end-page: 76 ident: bb0010 article-title: The distribution of realized stock return volatility publication-title: Journal of Financial Economics contributor: fullname: Ebens – year: 2022 ident: bb0150 article-title: Russia cuts gas deliveries to Europe via Nord Stream 1 contributor: fullname: Financial Times – volume: 42 year: 2021 ident: bb0250 article-title: Do stock markets love misery? Evidence from the COVID-19 publication-title: Finance Research Letters contributor: fullname: Lee – year: 2022 ident: bb0125 article-title: From where do we import energy? contributor: fullname: Eurostat – year: 2021 ident: bb0120 article-title: European economic forecast contributor: fullname: European Commission – volume: 25 start-page: 1829 year: 2001 end-page: 1855 ident: bb0275 article-title: Index arbitrage with heterogeneous investors: A smooth transition error correction analysis publication-title: Journal of Banking & Finance contributor: fullname: Tse – year: 2003 ident: bb0210 article-title: What do financial markets think of war in Iraq? publication-title: NBER working paper W9587 contributor: fullname: Zitzewitz – volume: 112 start-page: 1194 year: 2022 end-page: 1225 ident: bb0095 article-title: Measuring geopolitical risk publication-title: American Economic Review contributor: fullname: Iacoviello – volume: 391 start-page: 1497 year: 2012 end-page: 1508 ident: bb0190 article-title: Regime switching dynamics in credit default swaps: Evidence from smooth transition autoregressive model publication-title: Physica A: Statistical Mechanics and its Applications contributor: fullname: Hu – volume: 106 start-page: 169 year: 2010 end-page: 171 ident: bb0180 article-title: Smooth transition effects in price transmission: The case of international wheat export prices publication-title: Economics Letters contributor: fullname: Ghoshray – volume: 192 start-page: 1 year: 2016 end-page: 18 ident: bb0065 article-title: Exploiting the errors: A simple approach for improved volatility forecasting publication-title: Journal of Econometrics contributor: fullname: Quaedvlieg – year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0305 contributor: fullname: World Bank – year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0085 contributor: fullname: Brunnermeier – year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0110 contributor: fullname: Daniel – volume: 89 start-page: 208 issue: 425 year: 1994 ident: 10.1016/j.irfa.2023.102598_bb0255 article-title: Specification, estimation, and evaluation of smooth transition autoregressive models publication-title: Journal of the American Statistical Association contributor: fullname: Teräsvirta – volume: 20 start-page: 219 issue: 2 year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0055 article-title: Realized semi (co) variation: Signs that all volatilities are not created equal publication-title: Journal of Financial Econometrics doi: 10.1093/jjfinec/nbab025 contributor: fullname: Bollerslev – volume: 69 year: 2020 ident: 10.1016/j.irfa.2023.102598_bb0315 article-title: Dynamic volatility spillover effects between oil and agricultural products publication-title: International Review of Financial Analysis doi: 10.1016/j.irfa.2020.101465 contributor: fullname: Yip – volume: 22–29 year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0115 article-title: Stock prices and the Russia-Ukraine war: Sanctions, energy and ESG contributor: fullname: Deng – ident: 10.1016/j.irfa.2023.102598_bb0145 contributor: fullname: Financial Times – volume: 68 start-page: 317 issue: 271 year: 2001 ident: 10.1016/j.irfa.2023.102598_bb0170 article-title: Wars and markets: How bond values reflect the second world war publication-title: Economica doi: 10.1111/1468-0335.00249 contributor: fullname: Frey – year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0050 contributor: fullname: Berner – ident: 10.1016/j.irfa.2023.102598_bb0120 contributor: fullname: European Commission – ident: 10.1016/j.irfa.2023.102598_bb0125 contributor: fullname: Eurostat – ident: 10.1016/j.irfa.2023.102598_bb0130 contributor: fullname: FAO – volume: 119 start-page: 68 issue: 1 year: 2013 ident: 10.1016/j.irfa.2023.102598_bb0320 article-title: Revisiting the empirics of inflation in China: A smooth transition error correction approach publication-title: Economics Letters doi: 10.1016/j.econlet.2013.01.014 contributor: fullname: Zhang – volume: 207 start-page: 71 issue: 1 year: 2018 ident: 10.1016/j.irfa.2023.102598_bb0070 article-title: Modeling and forecasting (un) reliable realized covariances for more reliable financial decisions publication-title: Journal of Econometrics doi: 10.1016/j.jeconom.2018.05.004 contributor: fullname: Bollerslev – volume: 69 start-page: 655 issue: 276 year: 2002 ident: 10.1016/j.irfa.2023.102598_bb0080 article-title: German debt traded in London during the second world war: A British perspective on Hitler publication-title: Economica doi: 10.1111/1468-0335.00305 contributor: fullname: Brown – volume: 46 start-page: 346 year: 2016 ident: 10.1016/j.irfa.2023.102598_bb0235 article-title: Will the crisis “tear us apart”? Evidence from the EU publication-title: International Review of Financial Analysis doi: 10.1016/j.irfa.2015.09.010 contributor: fullname: Pappas – year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0295 contributor: fullname: World Bank – volume: 17 start-page: 457 issue: 5 year: 2002 ident: 10.1016/j.irfa.2023.102598_bb0030 article-title: Estimating quadratic variation using realized variance publication-title: Journal of Applied Econometrics doi: 10.1002/jae.691 contributor: fullname: Barndorff-Nielsen – ident: 10.1016/j.irfa.2023.102598_bb0260 contributor: fullname: The Guardian – year: 2005 ident: 10.1016/j.irfa.2023.102598_bb0270 contributor: fullname: Tsay – volume: 192 start-page: 1 issue: 1 year: 2016 ident: 10.1016/j.irfa.2023.102598_bb0065 article-title: Exploiting the errors: A simple approach for improved volatility forecasting publication-title: Journal of Econometrics doi: 10.1016/j.jeconom.2015.10.007 contributor: fullname: Bollerslev – ident: 10.1016/j.irfa.2023.102598_bb0140 contributor: fullname: Financial Times – volume: 69 start-page: 187 issue: 2 year: 2000 ident: 10.1016/j.irfa.2023.102598_bb0165 article-title: World war II as reflected on capital markets publication-title: Economics Letters doi: 10.1016/S0165-1765(00)00269-X contributor: fullname: Frey – volume: 7 start-page: 174 issue: 2 year: 2009 ident: 10.1016/j.irfa.2023.102598_bb0105 article-title: A simple approximate long-memory model of realized volatility publication-title: Journal of Financial Econometrics doi: 10.1093/jjfinec/nbp001 contributor: fullname: Corsi – year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0240 contributor: fullname: Pestova – volume: 106 start-page: 169 issue: 3 year: 2010 ident: 10.1016/j.irfa.2023.102598_bb0180 article-title: Smooth transition effects in price transmission: The case of international wheat export prices publication-title: Economics Letters doi: 10.1016/j.econlet.2009.11.011 contributor: fullname: Ghoshray – volume: 61 start-page: 43 issue: 1 year: 2001 ident: 10.1016/j.irfa.2023.102598_bb0010 article-title: The distribution of realized stock return volatility publication-title: Journal of Financial Economics doi: 10.1016/S0304-405X(01)00055-1 contributor: fullname: Andersen – volume: 11 start-page: 51 issue: 1 year: 2004 ident: 10.1016/j.irfa.2023.102598_bb0175 article-title: Markets work in war: World war II reflected in the Zurich and Stockholm bond markets publication-title: Financial History Review doi: 10.1017/S0968565004000046 contributor: fullname: Frey – volume: 131 start-page: 1593 issue: 4 year: 2016 ident: 10.1016/j.irfa.2023.102598_bb0020 article-title: Measuring economic policy uncertainty publication-title: The Quarterly Journal of Economics doi: 10.1093/qje/qjw024 contributor: fullname: Baker – volume: 42 year: 2021 ident: 10.1016/j.irfa.2023.102598_bb0250 article-title: Do stock markets love misery? Evidence from the COVID-19 publication-title: Finance Research Letters doi: 10.1016/j.frl.2021.101923 contributor: fullname: Sergi – volume: 112 start-page: 1194 issue: 4 year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0095 article-title: Measuring geopolitical risk publication-title: American Economic Review doi: 10.1257/aer.20191823 contributor: fullname: Caldara – ident: 10.1016/j.irfa.2023.102598_bb0150 contributor: fullname: Financial Times – volume: 10 start-page: 742 issue: 4 year: 2020 ident: 10.1016/j.irfa.2023.102598_bb0025 article-title: The unprecedented stock market reaction to COVID-19 publication-title: The Review of Asset Pricing Studies doi: 10.1093/rapstu/raaa008 contributor: fullname: Baker – year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0135 contributor: fullname: Ferrara – volume: 25 start-page: 1829 issue: 10 year: 2001 ident: 10.1016/j.irfa.2023.102598_bb0275 article-title: Index arbitrage with heterogeneous investors: A smooth transition error correction analysis publication-title: Journal of Banking & Finance doi: 10.1016/S0378-4266(00)00162-X contributor: fullname: Tse – volume: 71 start-page: 579 issue: 2 year: 2003 ident: 10.1016/j.irfa.2023.102598_bb0015 article-title: Modeling and forecasting realized volatility publication-title: Econometrica doi: 10.1111/1468-0262.00418 contributor: fullname: Andersen – volume: 47 start-page: 15 year: 2016 ident: 10.1016/j.irfa.2023.102598_bb0290 article-title: Is there a link between politics and stock returns? A literature survey publication-title: International Review of Financial Analysis doi: 10.1016/j.irfa.2016.06.015 contributor: fullname: Wisniewski – volume: 151 start-page: 31 year: 2017 ident: 10.1016/j.irfa.2023.102598_bb0090 article-title: Economic policy uncertainty and unemployment in the United States: A nonlinear approach publication-title: Economics Letters doi: 10.1016/j.econlet.2016.12.002 contributor: fullname: Caggiano – ident: 10.1016/j.irfa.2023.102598_bb0265 contributor: fullname: The Guardian – volume: 34 start-page: 1022 issue: 5 year: 2010 ident: 10.1016/j.irfa.2023.102598_bb0100 article-title: World war II events and the Dow Jones industrial index publication-title: Journal of Banking & Finance doi: 10.1016/j.jbankfin.2009.11.004 contributor: fullname: Choudhry – volume: 4060927 year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0195 article-title: The cost of Russian sanctions on the global equity markets publication-title: SSRN contributor: fullname: Huang – volume: 45 start-page: 107 issue: 2 year: 2008 ident: 10.1016/j.irfa.2023.102598_bb0280 article-title: Did Nordic countries recognize the gathering storm of world war II? Evidence from the bond markets publication-title: Explorations in Economic History doi: 10.1016/j.eeh.2007.09.004 contributor: fullname: Waldenström – volume: 102136 year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0040 article-title: Financial contagion intensity during the COVID-19 outbreak: A copula approach publication-title: International Review of Financial Analysis contributor: fullname: Benkraiem – volume: 101 start-page: 313 issue: 2 year: 2011 ident: 10.1016/j.irfa.2023.102598_bb0045 article-title: Time-varying rare disaster risk and stock returns publication-title: Journal of Financial Economics doi: 10.1016/j.jfineco.2011.02.019 contributor: fullname: Berkman – year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0225 contributor: fullname: OECD – volume: 19 start-page: 1873 issue: 23 year: 2009 ident: 10.1016/j.irfa.2023.102598_bb0285 article-title: Can political factors explain the behaviour of stock prices beyond the standard present value models? publication-title: Applied Financial Economics doi: 10.1080/09603100903166189 contributor: fullname: Wisniewski – volume: 391 start-page: 1497 issue: 4 year: 2012 ident: 10.1016/j.irfa.2023.102598_bb0190 article-title: Regime switching dynamics in credit default swaps: Evidence from smooth transition autoregressive model publication-title: Physica A: Statistical Mechanics and its Applications doi: 10.1016/j.physa.2011.08.008 contributor: fullname: Huang – ident: 10.1016/j.irfa.2023.102598_bb0160 contributor: fullname: Financial Times – volume: 29 start-page: 1769 issue: 7 year: 2005 ident: 10.1016/j.irfa.2023.102598_bb0245 article-title: The effects of war risk on US financial markets publication-title: Journal of Banking & Finance doi: 10.1016/j.jbankfin.2004.06.040 contributor: fullname: Rigobon – year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0035 contributor: fullname: BBC – year: 2003 ident: 10.1016/j.irfa.2023.102598_bb0210 article-title: What do financial markets think of war in Iraq? contributor: fullname: Leigh – volume: 88 start-page: 1515 issue: 4 year: 2020 ident: 10.1016/j.irfa.2023.102598_bb0060 article-title: Realized semicovariances publication-title: Econometrica doi: 10.3982/ECTA17056 contributor: fullname: Bollerslev – volume: 133 year: 2021 ident: 10.1016/j.irfa.2023.102598_bb0220 article-title: Corporate bond market reactions to quantitative easing during the COVID-19 pandemic publication-title: Journal of Banking & Finance doi: 10.1016/j.jbankfin.2021.106153 contributor: fullname: Nozawa – volume: 20 start-page: 321 issue: 2 year: 2004 ident: 10.1016/j.irfa.2023.102598_bb0075 article-title: Forecasting with a nonlinear dynamic model of stock returns and industrial production publication-title: International Journal of Forecasting doi: 10.1016/j.ijforecast.2003.09.007 contributor: fullname: Bradley – ident: 10.1016/j.irfa.2023.102598_bb0155 contributor: fullname: Financial Times – volume: 28 start-page: 1185 issue: 5 year: 2004 ident: 10.1016/j.irfa.2023.102598_bb0005 article-title: Political news and stock prices: The case of Saddam Hussein contracts publication-title: Journal of Banking & Finance doi: 10.1016/j.jbankfin.2003.08.001 contributor: fullname: Amihud – year: 2022 ident: 10.1016/j.irfa.2023.102598_bb0300 contributor: fullname: World Bank – volume: 40 start-page: 166 year: 2015 ident: 10.1016/j.irfa.2023.102598_bb0200 article-title: War and stock markets: The effect of world war two on the British stock market publication-title: International Review of Financial Analysis doi: 10.1016/j.irfa.2015.05.015 contributor: fullname: Hudson – volume: 74 year: 2021 ident: 10.1016/j.irfa.2023.102598_bb0205 article-title: The impact of Covid-19 on G7 stock markets volatility: Evidence from a ST-HAR model publication-title: International Review of Financial Analysis doi: 10.1016/j.irfa.2021.101671 contributor: fullname: Izzeldin – volume: 64 start-page: 494 year: 2017 ident: 10.1016/j.irfa.2023.102598_bb0230 article-title: Diversifying away the risk of war and cross-border political crisis publication-title: Energy Economics doi: 10.1016/j.eneco.2016.02.015 contributor: fullname: Omar – start-page: 357 year: 1989 ident: 10.1016/j.irfa.2023.102598_bb0185 article-title: A new approach to the economic analysis of nonstationary time series and the business cycle publication-title: Econometrica doi: 10.2307/1912559 contributor: fullname: Hamilton |
| SSID | ssj0005567 |
| Score | 2.6113417 |
| Snippet | On February 24, 2022, Russia invaded the Ukraine. In this paper, we analyze the response of European and global stock markets alongside a representative sample... |
| SourceID | crossref elsevier |
| SourceType | Aggregation Database Publisher |
| StartPage | 102598 |
| SubjectTerms | Commodities Financial markets HAR Markov switching Ukraine war |
| Title | The impact of the Russian-Ukrainian war on global financial markets |
| URI | https://dx.doi.org/10.1016/j.irfa.2023.102598 |
| Volume | 87 |
| hasFullText | 1 |
| inHoldings | 1 |
| isFullTextHit | |
| isPrint | |
| link | http://sdu.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwtV1LT-MwELYKSCsuiMciYBfkAzeUVZvUcXLslvI6oNVSUG-RXdsSbDepmkZI_fU7EztJeQixSFysypLtyvNlPGPPN0PIMTcSrGhuvHGopNeVnY4nxyb0OpH0Dfc1FxLZyBc3_HoUnQ66g1arIvs1fZ8qaegDWSNz9j-kXU8KHfAbZA4tSB3ad8u9oT6iWfm7yJEp6d3-KctBwAf9KGb4SOCSgZg66cbfkgKdLxusT28MG6JLM0i4tCY1yBYLjS9ajgn02MAPhCpUhuZrfDYpSuUvFifn-Fb_sz9JizpO-JeYTi3R7E7koLbus7xR4XOs61BMsnKC3ryq_11dXfhLgYL2Pq3i1DwJ-cTCw-AeO0WqbV_EA0ybHC_rbXtQvzgC7G3Ew4_7mcG8Un6A2SmYLXX9LLX2Da6FS4Efho7haIWs-aCwQF-u9S4Ho6smWIiVtYjr_-boVzZS8PlKr5s4S2bLcJNsOH-D9ixQtkhLp9vkS0V32CF9wAu1eKGZoYAX-gIvFPBCs5RavNBa9NTh5SsZng2G_QvPFdbwxgHnc4_FWmsZxcwXvC3bmkdSgd-upOqCv89lbDhmhzU61GEYG9bRhqMXBnaMCJkf7JLVNEv1HqEKzicWKGWgBVdbxm0GE0um2kr5Xc73yUm1FcnUpk9JqrjChwQ3LsGNS-zG7RNW7VbiDEBr2CUg3DfGHXxw3Dey3sDyO1mdzwp9SFZyVRw5APwDj2Z91A |
| link.rule.ids | 315,782,786,27933,27934 |
| linkProvider | Elsevier |
| openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=The+impact+of+the+Russian-Ukrainian+war+on+global+financial+markets&rft.jtitle=International+review+of+financial+analysis&rft.au=Izzeldin%2C+Marwan&rft.au=Murado%C4%9Flu%2C+Yaz+G%C3%BClnur&rft.au=Pappas%2C+Vasileios&rft.au=Petropoulou%2C+Athina&rft.date=2023-05-01&rft.pub=Elsevier+Inc&rft.issn=1057-5219&rft.eissn=1873-8079&rft.volume=87&rft_id=info:doi/10.1016%2Fj.irfa.2023.102598&rft.externalDocID=S105752192300114X |
| thumbnail_l | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=1057-5219&client=summon |
| thumbnail_m | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=1057-5219&client=summon |
| thumbnail_s | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=1057-5219&client=summon |