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Whelsy Boungou, Francis Osei-Tutu, Alhonita Yatié and Amara Zongo
''The Ukraine-Russia war and systemic financial stress''
( 2022, Vol. 42 No.3 )
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.
JEL: G2 - Financial Institutions and Services: General
F5 - International Relations and International Political Economy: General
Manuscript Received : Jun 01 2022 Manuscript Accepted : Sep 30 2022

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