The trade war's impact on the financial market: Observations from the historical global trade war - the Smoot Hawley Tariff Act
Author
Abstract
Suggested Citation
DOI: 10.1016/j.gfj.2022.100802
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Lubos Pástor & Pietro Veronesi, 2012.
"Uncertainty about Government Policy and Stock Prices,"
Journal of Finance, American Finance Association, vol. 67(4), pages 1219-1264, August.
- Lubos Pastor & Pietro Veronesi, 2010. "Uncertainty about Government Policy and Stock Prices," NBER Working Papers 16128, National Bureau of Economic Research, Inc.
- Veronesi, Pietro & Pástor, Luboš, 2010. "Uncertainty about Government Policy and Stock Prices," CEPR Discussion Papers 7897, C.E.P.R. Discussion Papers.
- Pietro Veronesi & Lubos Pastor, 2011. "Uncertainty about Government Policy and Stock Prices," 2011 Meeting Papers 86, Society for Economic Dynamics.
- Douglas A. Irwin, 1998.
"The Smoot-Hawley Tariff: A Quantitative Assessment,"
The Review of Economics and Statistics, MIT Press, vol. 80(2), pages 326-334, May.
- Douglas A. Irwin, 1996. "The Smoot-Hawley Tariff: A Quantitative Assessment," NBER Working Papers 5509, National Bureau of Economic Research, Inc.
- McDonald, Judith A. & O'Brien, Anthony Patrick & Callahan, Colleen M., 1997. "Trade Wars: Canada's Reaction to the Smoot-Hawley Tariff," The Journal of Economic History, Cambridge University Press, vol. 57(4), pages 802-826, December.
- Liu, Laura Xiaolei & Shu, Haibing & Wei, K.C. John, 2017. "The impacts of political uncertainty on asset prices: Evidence from the Bo scandal in China," Journal of Financial Economics, Elsevier, vol. 125(2), pages 286-310.
- Douglas A. Irwin, 2011. "Peddling Protectionism: Smoot-Hawley and the Great Depression," Economics Books, Princeton University Press, edition 1, number 9430.
- Bernard C. Beaudreau, 2018. "Electrification, the Smoot-Hawley tariff bill and the stock market boom and crash of 1929: evidence from longitudinal data," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 42(4), pages 631-650, October.
- Yaniv Grinstein & Roni Michaely, 2005. "Institutional Holdings and Payout Policy," Journal of Finance, American Finance Association, vol. 60(3), pages 1389-1426, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kris James Mitchener Author e-mail: kmitchener@scu.edu & Kirsten Wandschneider Author e-mail: kirsten.wandschneider@univie.ac.at & Kevin Hjortshøj O’Rourke Author e-mail: akevin.orourke@nyu.edu, 2021. "The Smoot-Hawley Trade War," Working Papers 20210061, New York University Abu Dhabi, Department of Social Science, revised Mar 2021.
- Kris James Mitchener & Kevin Hjortshøj O'Rourke & Kirsten Wandschneider, 2022.
"The Smoot-Hawley Trade War,"
The Economic Journal, Royal Economic Society, vol. 132(647), pages 2500-2533.
- Mitchener, Kris James & Wandschneider, Kirsten & O Rourke, Kevin Hjortshoj, 2021. "The Smoot-Hawley Trade War," CAGE Online Working Paper Series 550, Competitive Advantage in the Global Economy (CAGE).
- Kris James Mitchener & Kirsten Wandschneider & Kevin Hjortshøj O’Rourke, 2021. "The Smoot-Hawley Trade War," Oxford Economic and Social History Working Papers _188, University of Oxford, Department of Economics.
- Wandschneider, Kirsten & Mitchener, Kris & O'Rourke, Kevin, 2021. "The Smoot-Hawley Trade War," CEPR Discussion Papers 15952, C.E.P.R. Discussion Papers.
- Kris James Mitchener & Kirsten Wandschneider & Kevin Hjortshøj O'Rourke, 2021. "The Smoot-Hawley Trade War," NBER Working Papers 28616, National Bureau of Economic Research, Inc.
- Kris James Mitchener & Kirsten Wandschneider & Kevin Hjortshøj O'Rourke, 2021. "The Smoot-Hawley Trade War," CESifo Working Paper Series 8966, CESifo.
- Zhibing Li & Jia Liu & Jie Liu & Xiaoyu Liu & Yinglun Zhu, 2024. "The causal effect of political risk on the stock market: Evidence from a natural experiment," Australian Economic Papers, Wiley Blackwell, vol. 63(1), pages 145-162, March.
- Sadok El Ghoul & Omrane Guedhami & Robert Nash & He (Helen) Wang, 2022. "Economic policy uncertainty and insider trading," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(4), pages 817-854, December.
- Gala, Vito D. & Pagliardi, Giovanni & Zenios, Stavros A., 2023. "Global political risk and international stock returns," Journal of Empirical Finance, Elsevier, vol. 72(C), pages 78-102.
- Wang, Xiaonan & Wang, Yan, 2022. "Too cynical: why the stock market in China dimissed initial anticorruption signals," LSE Research Online Documents on Economics 124863, London School of Economics and Political Science, LSE Library.
- Nina Boberg-Fazlic & Markus Lampe & Maja Uhre Pedersen & Paul Sharp, 2021.
"Pandemics and protectionism: evidence from the “Spanish” flu,"
Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-9, December.
- Boberg-Fazlic, Nina & Pedersen, Maja Uhre & Sharp, Paul, 2020. "Pandemics and protectionism: evidence from the "Spanish" flu," IFCS - Working Papers in Economic History.WH 36118, Universidad Carlos III de Madrid. Instituto Figuerola.
- Boberg-Fazlic, Nina & Pedersen, Maja Uhre & Sharp, Paul Richard, 2020. "Pandemics and protectionism: evidence from the "Spanish" flu," IFCS - Working Papers in Economic History.WH 30673, Universidad Carlos III de Madrid. Instituto Figuerola.
- Boberg-Fazlic, Nina & Lampe, Markus & Pedersen, Maja Uhre & Sharp, Paul, 2020. "Pandemics and Protectionism: Evidence from the “Spanish” flu," CAGE Online Working Paper Series 479, Competitive Advantage in the Global Economy (CAGE).
- Huang, Jialin & Luo, Yu & Peng, Yuchao, 2021. "Corporate financial asset holdings under economic policy uncertainty: Precautionary saving or speculating?," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 1359-1378.
- Schlör, Holger & Venghaus, Sandra, 2022. "Measuring resilience in the food-energy-water nexus based on ethical values and trade relations," Applied Energy, Elsevier, vol. 323(C).
- Yunpeng Su & Jia Li & Baochen Yang & Yunbi An, 2024. "The Impacts of Policy Uncertainty on Asset Prices: Evidence from China’s Market," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 31(4), pages 1087-1133, December.
- Hu, Zhijun & Kutan, Ali M. & Sun, Ping-Wen, 2018. "Is U.S. economic policy uncertainty priced in China's A-shares market? Evidence from market, industry, and individual stocks," International Review of Financial Analysis, Elsevier, vol. 57(C), pages 207-220.
- Liu, Clark & Wang, Shujing & Wei, K.C. John, 2021. "Demand shock, speculative beta, and asset prices: Evidence from the Shanghai-Hong Kong Stock Connect program," Journal of Banking & Finance, Elsevier, vol. 126(C).
- Bown, Chad P., 2014. "Trade policy instruments over time," Policy Research Working Paper Series 6757, The World Bank.
- Azimli, Asil, 2022. "The impact of policy, political and economic uncertainty on corporate capital investment in the emerging markets of Eastern Europe and Turkey," Economic Systems, Elsevier, vol. 46(2).
- Ma, Huanyu & Hao, Dapeng, 2022. "Economic policy uncertainty, financial development, and financial constraints: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 368-386.
- Benjamin H. Liebman & Kasaundra M. Tomlin, 2008. "Safeguards and Retaliatory Threats," Journal of Law and Economics, University of Chicago Press, vol. 51(2), pages 351-376, May.
- Wadhwa, Kavita & Goodell, John W., 2024. "Political uncertainty and stock price crash risk: Insights from state-elections in an emerging market," International Review of Financial Analysis, Elsevier, vol. 95(PB).
- Gong, Xu & Fu, Chengbo & Huang, Qiping & Lin, Meimei, 2022. "International political uncertainty and climate risk in the stock market," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
- repec:ehl:lserod:113696 is not listed on IDEAS
- Tobias Burggraf, 2020. "Bitcoin and Global Political Uncertainty – Evidence from the U.S. Election Cycle," Economics Bulletin, AccessEcon, vol. 40(1), pages 727-742.
- Schütz, Claudio & Pape, Ulrich, 2024. "Are investors afraid of populism?," Finance Research Letters, Elsevier, vol. 61(C).
More about this item
Keywords
Smoot Hawley Tariff Act; Trade war; Tariff increase; Political uncertainty; Government policy; Asset pricing;All these keywords.
JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- N72 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - U.S.; Canada: 1913-
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:glofin:v:55:y:2023:i:c:s1044028322001041. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620162 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.