The effect of the war risk: a comparison of the consequences of the two Iraq wars on some financial variables

Elena Corallo ()
Additional contact information
Elena Corallo: Cattaneo University (LIUC), https://my.liuc.it/persone/persona.asp?ID=935

LIUC Papers in Economics from Cattaneo University (LIUC)

Abstract: This paper measures the effect of war on some financial variables using the heteroskedasticity based estimation technique proposed by Rigobon and Sack (2005). The importance of applying this technique is due to the possibility of capturing the effect of a variable, which is here the risk of war, that is not measurable. This work compares the effect of the Iraq war of 1991 with the Iraq war of 2003 on different variables in Italy and US. According to the results, we find that the two wars caused different effects on the analysed variables.

Pages: 16 pages
Date: 2005-06
New Economics Papers: this item is included in nep-rmg
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://biblio.liuc.it/liucpap/pdf/171.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:liu:liucec:171

Access Statistics for this paper

More papers in LIUC Papers in Economics from Cattaneo University (LIUC) Contact information at EDIRC.
Bibliographic data for series maintained by Laura Ballestra ().