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The financial repercussions of military escalation

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  • Santorsola, Marco
  • Caferra, Rocco
  • Morone, Andrea

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).

Suggested Citation

  • Santorsola, Marco & Caferra, Rocco & Morone, Andrea, 2022. "The financial repercussions of military escalation," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 603(C).
    • Handle: RePEc:eee:phsmap:v:603:y:2022:i:c:s0378437122005210
    DOI: 10.1016/j.physa.2022.127791
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    References listed on IDEAS

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    2. Umar, Muhammad & Riaz, Yasir & Yousaf, Imran, 2022. "Impact of Russian-Ukraine war on clean energy, conventional energy, and metal markets: Evidence from event study approach," Resources Policy, Elsevier, vol. 79(C).

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