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). Results deliver preliminary evidence supporting a more pronounced effect in the Eurozone and the UK stock markets, while gold and bitcoin showcase their resilience to war-induced negative economic effects.
The financial repercussions of military escalation
Santorsola M.
;Caferra R.;Morone A.
2022-01-01
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). Results deliver preliminary evidence supporting a more pronounced effect in the Eurozone and the UK stock markets, while gold and bitcoin showcase their resilience to war-induced negative economic effects.File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
