Playing the field: Geomagnetic storms and international stock markets

Anya Krivelyova and Cesare Robotti ()

No 2003-5, FRB Atlanta Working Paper from Federal Reserve Bank of Atlanta

Abstract: This paper documents the impact of geomagnetic storms (GMS) on world and country-specific stock market returns. For the world index and for most of the international indices in our sample, we find that the previous week's unusually high levels of geomagnetic activity have a negative, statistically and economically significant impact on today's stock returns. Our results are consistent with psychological theories of \"misattribution of mood,\" since GMS have been found to negatively affect people's judgment and behavior.

Keywords: Stock; market (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-fin and nep-fmk
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

Downloads: (external link)
https://www.frbatlanta.org/-/media/documents/resea ... /wp/2003/wp0305b.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:fip:fedawp:2003-5

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in FRB Atlanta Working Paper from Federal Reserve Bank of Atlanta Contact information at EDIRC.
Bibliographic data for series maintained by Rob Sarwark ().