The Ukraine-Russia war and systemic financial stress

Whelsy Boungou, Francis Osei-Tutu (), Alhonita Yatié () and Amara Zongo ()
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Francis Osei-Tutu: EM Strasbourg
Alhonita Yatié: University of Bordeaux
Amara Zongo: University of Bordeaux

Economics Bulletin, 2022, vol. 42, issue 3, 1203 - 1220

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 stress; War; Ukraine; Russia. (search for similar items in EconPapers)
JEL-codes: F5 G2 (search for similar items in EconPapers)
Date: 2022-09-30
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