The Russo-Ukrainian war and financial markets: the role of dependence on Russian commodities

• Published in: Finance research letters Vol. 50; p. 103194
• Main Authors: Lo, Gaye-Del, Marcelin, Isaac, Bassène, Théophile, Sène, Babacar
• Format: Journal Article
• Language: English
• Published: Elsevier Inc 01.12.2022
• Subjects: Asset returns; Commodity dependence; Financial markets; Google trends; Russo-Ukrainian war; Volatility; E6; Financial markets; Russo-Ukrainian war; Volatility; Google trends; H56; Commodity dependence; Asset returns; G1; G14

•We study the influence of the Russo-Ukrainian war on financial markets, subject to a dependence on Russian commodities.•Results indicate a significant negative effect on major financial markets with a greater effect on volatility than on returns.•The effect of the war on returns is significant for...