The Ukraine-Russia war and systemic financial stress

Whelsy Boungou (), Francis Osei-Tutu (), Amara Zongo () and Alhonita Yatié ()
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Whelsy Boungou: PSB - Paris School of Business - HESAM - HESAM Université - Communauté d'universités et d'établissements Hautes écoles Sorbonne Arts et métiers université
Francis Osei-Tutu: EM Strasbourg - École de Management de Strasbourg = EM Strasbourg Business School
Amara Zongo: BSE - Bordeaux sciences économiques - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Alhonita Yatié: BSE - Bordeaux sciences économiques - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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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.

Keywords: Systemic risk; War; Ukraine Russia (search for similar items in EconPapers)
Date: 2022-09-30
Note: View the original document on HAL open archive server: https://hal.science/hal-04745826v1
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Published in Economics Bulletin, 2022, 42 (3), pp.1203-1220

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04745826

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